RBA’s Kent Says Easing Financial Conditions Help Balance Economy

RBA’s Kent Says Easing Financial Conditions Help Balance Economy

Australia’s central bank sees the drag from tight financial conditions easing, helping the economy to stay near full employment with inflation returning to target, according to Assistant Governor Christopher Kent.

RBA says easing credit will keep the economy on track

Reserve Bank of Australia (RBA) Assistant Governor Christopher Kent stated that the central bank believes the drag from tight financial regulations is easing — a development that could help keep the economy near full employment and guide inflation back to its target. This statement was made after Kent, who oversees the RBA’s engagement with financial markets, noted that narrower loan spreads and households making extra mortgage repayments amid l…

RBA Sees Easing Financial Conditions Boosting Economy

Australia’s central bank anticipates that the drag from tight financial conditions is lessening, which should support the economy in maintaining near full employment while inflation moves back toward its target range. This outlook was presented by Reserve Bank of Australia (RBA) Assistant Governor Christopher Kent. Kent, the RBA’s lead on financial markets, pointed to indicators such as narrowing loan spreads and households increasing mortgage p…