Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

RBA governor optimistic about economy

Staff Reporter 1 minute read

The likelihood of a March rate rise increased significantly yesterday after the Reserve Bank of Australia governor Glenn Stevens declared Australia was “open for business”.

Speaking at a business forum in Melbourne, Mr Stevens said despite the immense challenges facing the United States, Europe and Japan, Australia was well positioned to take advantage of the strong growth in Asia.

“We can come out of this episode as the country which didn’t have to buy its banks; government finances are in terrific shape; [there is] strong regulatory framework [and we] didn’t have to do very unconventional fiscal measures. The conventional methods worked a treat, actually,” Mr Stevens said.

“So, it’s not Pollyanna-ish, [not] everything’s rosy. But how many other countries are on that list? Not many. We remain open for business, plugged into the part of the world where all the growth is.”

RBA governor optimistic about economy
default
TheAdviser logo
default

 

more from the adviser
WLTH team Neolender CEO reveals broker plans

The co-founder and CEO of new mortgage lender WLTH has revealed i...

tech tool data Business loans to be included in CDR from 1 Nov

The ACCC has revealed examples of the types of business loans tha...

clock Lenders’ turnaround times slowest in three years

The time it takes from loan submission to approval surpassed 25 d...

FROM THE WEB