Australia cenbank says lower A$ from last year to help economy

Fri, 14 Feb - 8:57am

SYDNEY, Feb 14 (Reuters) - Reserve Bank of Australia (RBA) Assistant Governor Christopher Kent said on Friday that a lower exchange rate compared with levels seen last year, if sustained, will help economic growth.

Kent also play down Thursday's surprisingly weak jobs data, saying unemployment tended to lag activity. He added that there were reasonable prospects for non-mining investment to pick up next year.

Kent made those remarks in Sydney at a Q&A after giving a speech.

(Reporting by Wayne Cole)

((ian.chua@thomsonreuters.com; +6129373 1871; Reuters Messaging: ian.chua.thomsonreuters.com@reuters.net))

Keywords: AUSTRALIA RBA/KENT

URN: 
urn:newsml:reuters.com:20140213:nS9N0DN01M:6
Topics: 
AU FRX ASIA DBT LEN RTRS INT CEN MCE PLCY MMT RBA GVD

Contact Us

Due to the security nature of our business, personal meetings are only by pre-arranged appointment.
Phone at any time on

1300 987 995

info@ausmint.com