Inflation “a bit too low globally” – RBA’s Stevens

FXStreet (Mumbai) – The Reserve Bank of Australia (RBA) governor Stevens text of the planned speech in London revealed the central banker feels the inflation is “a bit too low globally” and thus he sees a very loose monetary policy across the globe for a while.

Key quotes from the text

“Central banks should not ignore financial risks while setting interest rates.”

“Policy guidance is sensible, but risks being misinterpreted by the markets.”

“high leverage limits the power of monetary policy.”

The Reserve Bank of Australia (RBA) governor Stevens text of the planned speech in London revealed the central banker feels the inflation is “a bit too low globally” and thus he sees a very loose monetary policy across the globe for a while.

(Market News Provided by FXstreet)