RBA Stevens: monetary policy still has capacity to give additional support to economy

FXStreet (Bali) - RBA Governor Stevens is speaking before the Australian parliament's House of Representatives' Standing Committee on Economics, on his semi-annual testimony, noting that monetary policy still has capacity to give additional support to economy.

Key headlines

Stevens says says economy growing at below trend pace

Stevens says inflation is low and appears likely to remain so

Stevens says further fall in a$ likely to occur

Stevens says commodity prices have fallen quite sharply in some cases

Stevens says monetary policy still has capacity to give additional support to economy

Stevens says fall in key export commodities hurting australia's terms of trade

Stevens says mining downswing will accelerate this year

Stevens says bank's forecasts assume lower path for interest rates, but is not a commitment to action

Stevens says domestic demand outside mining mixed

Stevens says public sector spending still fairly subdued

Stevens says working with other regulators on managing potential risks from rise in housing investment

Stevens says developments in sydney housing market remain concerning; not alarming elsewhere