RBA’s Kent says transmission mechanism seems to be weathering shocks
Transmission ‘is about as effective as usual’, assistant governor says
Reserve Bank of Australia (RBA) assistant governor Christopher Kent today (June 15) outlined some of the key features of the Australian monetary transmission mechanism, and said they seem to be functioning normally despite recent shocks.
In a lecture at the Australian National University, Kent addressed concerns that "headwinds" including the decline in mining investment, fiscal consolidation and the exchange rate, could be not only restricting the economy but damaging the transmission of policy
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