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More from RBA's Stevens - Aussie banks small exposure to energy sector

Reserve Bank of Australia Governor Glenn Stevens appearing before the House of Representatives' Standing Committee on Economics

More comments:

  • Sees no evidence that funding markets impaired for Australian banks
  • Says exposure of Australian banks to energy sector just few points of balance sheet, quite small

  • Says his instinct is that some of the global gloom is overdone, speculation of global recession is too pessimistic
  • Stevens says he has no comment on the outlook for the cash rate

No comment on cash rate outlook. Strange. Can someone please lend Glenn a coin to toss so he can formulate a view.

More;

  • Some reservations about labour market data
  • Employment growth strong even after accounting for problems with data
  • Hard to avoid the conclusion that the jobs market is better than expected
  • Does not see rout in Australian property market - breather in prices welcome in Melbourne and Sydney property markets

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Earlier:

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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