Reserve Bank of Australia governor Glenn Stevens says capital markets should prepare for a world where China invests $400 billion a year offshore, much of it in the Asian region. Mr Stevens told the Boao Forum for Asia in Sydney that if China fully opens its capital markets and liberalises trade in the renminbi, China …
RBA Governor Stevens: Australia and China Need to Cooperate Read More »
Australia’s currency has had one of the most rapid depreciations of its real exchange rate, only beaten by a ragged bunch of troubled economies. Kieran Davies of Barclays Plc estimates that the Aussie’s 16 percent fall from 2013 to the end of the second quarter is the fastest after Colombia — where growth has halved; …
The Reserve Bank of Australia finally appears happy with the level of the Australian dollar, as governor Glenn Stevens’s main concern has now switched to long-term growth trends and the need for fiscal reform. Australia’s secular slowdown, and the reasons for it, took centre stage at the governor’s annual address to the Anika foundation in …
RBA Might Be Finally Leaving the Australian Dollar Alone Read More »
The growing push to abolish or scale back negative gearing received a big boost when the Reserve Bank of Australia called on the government to review whether a capital gains tax break for investment property is driving too much money into housing. In a surprising intervention in the debate over housing affordability, the Reserve Bank …
