RBA's Kent: Lower A$ starting to help economy to adjust

FXStreet (Bali) - RBA Assistant Governor (Economic) Christopher Kent is speaking in Hobart, crossing now the wires, via Reuters, noting that policy will continue to support economy, adding that the lower A$ is starting to help the economy to adjust, supporting demand in tradable sectors.

Key headlines

Low rates spurring strong activity in housing market, supporting household wealth

But little to suggest economic growth will increase in the near term

Repeats unemployment to rise for a bit longer, peak a bit higher than first expected

Many uncertainties about the outlook, better growth is not guaranteed

Despite fall, a$ remains relatively high given state of economy

Lower A$ starting to help economy adjust, supporting demand in the tradable sectors