Canberra Times Editorial: RBA governor looks to a positive future

By The Canberra Times
Updated April 24 2018 - 8:19pm, first published November 5 2015 - 7:26pm

In contrast to the frequently Delphic utterances of American and European central bankers, Reserve Bank Governor Glenn Stevens' public pronouncements are mostly matter-of-fact and free of artifice. Addressing the Melbourne Institute's 2015 Economic and Social Outlook conference on Thursday, Mr Stevens gave a characteristically forthright assessment of Australia's economic performance seven years on from the global financial crisis of 2008 and as the powerful locomotive force of China's economy continues to wane. He explored medium-term budget repair and productivity improvements, and what policy settings and structural reform measures might best enable them. And, two days after the RBA's decision to leave the cash rate unchanged, he canvassed the possibility of future interest rate cuts to balance rising mortgage rates.

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