- Analytics
- News and Tools
- Market News
- Reserve Bank of Australia Governor Glenn Stevens: Inflation targeting is flexible
Reserve Bank of Australia Governor Glenn Stevens: Inflation targeting is flexible
Today the head of the RBA Glenn Stevens said the central bank's inflation target is flexible, and inflation may remain below target for some time.
Stevens also said that the leadership of the central bank, whose task is to balance the risks in the economy, discussed the risks associated with the preservation of very low interest rates.
"Given the low interest rates around the world, it would be strange to think that Australia will not follow the example of other central banks," - said Stevens and added - "You can not rely solely on interest rates in an effort to accelerate economic growth"
Also the head of the RBA stated the need to increase the efforts to accelerate the growth of the country's GDP.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
