Macfarlane on the world economy and Australia

In a speech on 'The World Economy and its Implications for Australia' given on 14 April, Ian Macfarlane of the RBA said we are still waiting for the durability of the world economic recovery to be sufficiently recognised so that the major central banks around the world can start the process of returning interest rates to more normal levels.

The Australian economy is at less risk now from rapidly growing household credit and a rising currency, although these concerns haven't entirely faded, RBA

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