Australia’s Debelle defends rate cuts


Guy Debelle, assistant governor of the Reserve Bank of Australia, spoke on June 26 about the effectiveness of the central bank's policy actions, and said that the housing market is stronger than many commentators believe.

Speaking as part of a panel discussion at the Mortgage and Finance Association of Australia's Industry and Leaders Panel Forum in Adelaide, Debelle said that the central bank had not expected a dramatic response to its interest rate cuts, but said the cuts "will probably help

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