RBA's Stevens on risk and the macroeconomy

In the speech 'Risk and the macroeconomy' given on 27 May Glenn Stevens of the Reserve Bank of Australia said interest rates around the world can't stay low and steady ``permanently'' and central banks will continue to control inflation.

``While I believe central banks will continue to control inflation over the years ahead, this does require short-term rates to move,'' Stevens said in the speech to the Securities & Derivatives Industry Association Conference in Melbourne. ``They cannot stay low

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