Australia RBA Stevens cautious on monetary policy

AUSTRALIA - Reserve Bank of Australia assistant governor Glenn Stevens struck a cautious note on monetary policy in a speech given on Wednesday, indicating that the actual level of interest rates is more important than changes in rates.

Stevens told the Economic Society of Victoria that the central bank formulates monetary policy in response to risks, rather than waiting for problems to build up.

He said that financial markets tend to focus on changes in the level of interest rates but the Reserve

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account