Glenn Stevens

Glenn Stevens has been quoted 4 times. The one recent article where Glenn Stevens has been quoted is Australia cuts key interest rate to record-low 1.5 percent. Most recently, Glenn Stevens was quoted as having said, “Recent data confirm that inflation remains quite low. Given very subdued growth in labor costs and very low cost pressures elsewhere in the world, this is expected to remain the case for some time.”.

Glenn Stevens quotes

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All this suggests that the likelihood of lower interest rates exacerbating risks in the housing market has diminished.

Overall growth in Australia was continuing at a moderate pace despite a "very large decline" in business investment.

Recent data confirm that inflation remains quite low. Given very subdued growth in labor costs and very low cost pressures elsewhere in the world, this is expected to remain the case for some time.

The board concluded that a more neutral stance of monetary policy would now be consistent with achieving sustainable growth and 2-3 percent inflation over time.

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