A grip on inflation, banks in good health and a strong currency will keep Australia in a secure economic position, says RBA governer Glenn Stevens.
Speaking at today's public hearing of the House of Representatives Economics Committee, Stevens told the committee that even the tendency of Australians to save rather than spend wasn't such a bad thing, despite the complaints of the retail sector.
"If we are entering another period of weaker international conditions, this is a pretty good starting point from which to do so," Mr Stevens said.
Read more: http://www.news.com.au/business/rba-boss-paints-a-brightish-picture/story-e6frfm1i-1226122978234#ixzz1WBP3RQSQ
No comments:
Post a Comment