RBA governor sees scope for more rate cuts

Reserve Bank Governor Glenn Stevens sees scope for more monetary and fiscal easing if needed, while noting that major stimulus already in the pipeline would have a significant impact in coming months.


"The long-run prospects for the Australian economy have not deteriorated to the extent that some people may presently be feeling,'' he said. "We do have reasonable grounds for some quiet confidence about the future, however bad the storm at present.''

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