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RBA's Debelle says Aussie higher than economic fundametals suggest

Published 10/13/2014, 06:51 PM
Updated 10/13/2014, 06:53 PM
Australia dollar higher than warranted, Debelle says

Australia dollar higher than warranted, Debelle says

Investing.com - The Australian dollar remains higher than economic fundamentals suggest, even after declines in recent weeks, Reserve Bank of Australia Assistant Governor Guy Debelle said Tuesday.

"While that depreciation will do something to foster more balanced growth in the Australian economy, it has only served to take the trade-weighted index back to its levels of earlier in the year," he said.

He said that "we are in an unusual environment where monetary policy settings in the four major economic regions - the U.S., China, Europe and Japan - are moving in divergent directions."

This is challenging for both markets and policy makers and "creates a complicated environment for setting monetary policy in other parts of the world, including here in Australia," Debelle said.

Latest comments

These central bank criminals will say anything to debase the currency and perpetrate the ongoing wealth transfer from workers and savers to asset owners.
Oh well done Debelle, what are you a parrot? Stevens has been saying this for a over a year now... and guess what, the AUD is going to go back up regardless of your jawboning... give it a rest
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