More from RBA Stevens Q&A:
- Says has not thought about raising rates any time lately, despite speculation
- Risk reward level for intervention hasn’t stacked up
- Says has not felt that intervention would work at current AUD levels
- Thought about intervention when AUD was much higher
- Intervention successful when it changes expectations
- Banks being less conservative on business lending
- Banks’ better attitudes to business lending is welcome
More again:
- Says would consider lower rates if thought it would be helpful
- But does not think interest rates the answer right now
- Could step up scrutiny of house lending standards
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Earlier:
- Reserve Bank of Australia (RBA) Stevens testimony: Says RBA is allowing time for measures to take effect
- RBA Stevens Q&A: Says risk of AUD fall is underappreciated
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Added 0233GMT: Stevens has now concluded his testimony, 3 hours after starting.
Give the man a drink, someone.