Stevens gives APRA the nod on macroprudential

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Just headlines here and I’ll try to find more but in the Q&A after his speech Captain Glenn has apparently endorsed the use of macroprudential tools by APRA, via ForexLive:

  • APRA using tools to lean into housing boom is sensible

(Stevens is referring to the use of macroprudential tools to help ease the house price boom)

More:

  • Says ‘normal’ level of the cash rate is likely to be a bit lower now
  • Says room for economy to grow a bit faster over the next couple of years
  • Settings are in place for non-mining sector to improve
  • Says non-mining spending is looking better
  • Says outlook will be uncertain for a little while yet
  • Says he is puzzled why the US dollar is so low, its obvious the Federal Reserve will be out of QE in a few months
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.