Rate hikes on hold for now: RBA’s Stevens

Glenn Stevens, the governor of the Reserve Bank of Australia, on Friday said Australia would put further monetary tightening on hold until the international outlook improved.

At the House of Representatives Standing Committee on Economics, in Melbourne, Stevens said: "The international situation has become more clouded and evidence of caution at home has, if anything, intensified. Asset prices have declined, credit growth has moderated further and the exchange rate remains very high."


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