RBA governor says bank's ‘boring' monetary policy stance a success
Stevens notes ‘search for yield' is bidding up real asset prices in Australia
While financial markets are fixated on what will happen to interest rates next month, most people prefer to focus on issues of more enduring importance for their business or their lives, Reserve Bank of Australia governor Glenn Stevens said in a speech yesterday – adding that he regarded "boring" monetary policy as a success.
Stevens said Australian interest rates were "very low" and that "most observers expect they will be there for some time yet". The low returns on offer on safe investments
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