1. Most Discussed
  2. Gainers & Losers

Australia c.bank chief: Lower A$ would help to get to full employment more quickly

Bookmark and Share
  1. MELBOURNE, Aug 11 (Reuters) - Reserve Bank of Australia (RBA) Governor Philip Lowe said on Friday a lower local dollar would help get to full employment more quickly.

    The Australian dollar AUD=D4 is up about 6 percent since June having climbed to a two-year peak of $0.8066 last month.

    Lowe, speaking at a parliamentary economics committee in Melbourne, said he did not expect to see full employment for at least 2-1/2 years.



DISCLAIMER:
Before making any financial decisions based on what you read, always consult an advisor or expert.

To read reuters' full disclaimer click here
Top