Rates could be cut again – RBA’s Stevens

FXStreet (Mumbai) - Reserve Bank of Australia (RBA) governor Glenn Stevens said on Monday that the central bank has clearly indicated that interest rates could be cut if required.

Stevens also said that the Australian dollar is likely to fall further over time. On low rates, the governor said that they are helping to boost home building and household wealth. The board is proceeding with an appropriate degree of caution on interest rates, he further added.

Stevens also stated that rising house prices and high leverage should not dominate policy, but cannot be ignored completely.