RBA Assistant Governor Christopher Kent said in a speech today that monetary policy is “somewhat restrictive” and that tightening delivered earlier this year is working through economy. He pointed to higher borrowing costs and mortgage payments, weaker established housing market, stronger Australian Dollar and slowing aggregate demand. Importantly, Kent stressed that this slowdown is deliberate, […]
The post RBA’s Kent Says Tightening Is Working, but Policy Restraint Remains Hard to Gauge appeared first on ActionForex.
