RBA's Stevens says 2013 ‘not as bad as feared'


The governor of the Reserve Bank of Australia (RBA), Glenn Stevens, today told the Australian House of Representatives' standing committee on economics the past year had been "not quite good as hoped for, but not as bad as feared".

Delivering his annual statement ahead of a question-and-answer session with lawmakers, Stevens said that when the US Federal Reserve does decide to reduce the scale of its asset purchases, the decision would most likely "reverberate around global markets".


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