Market Commentary: The RBA admitted the limitation of monetary - TopicsExpress

Market Commentary: The RBA admitted the limitation of monetary policy this morning. Governor Stevens said that record low interest rates were doing their job in supporting demand, but what the economy needs the most now is for businesses to start expanding to spur further growth. The frustrating thing is that no one can say when that will happen, or just what might be the proximate trigger”. The economy is expected to grow at a below‐potential 2.5% pace by December this year. It saw the slowdown in mining investments deepening. - source from BOQ Market Update

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