Original article by Jacob Greber, Vesna Poljak
The Australian Financial Review – Page: 1-Dec : 4-Jul-14
Reserve Bank of Australia governor Glenn Stevens has signalled his willingness to use interest rates to reduce the value of the Australian dollar, which he believes is excessive. His concerns about the negative impact of the high foreign exchange rate on the economy may result in another cut to interest rates. Stevens’s remarks promptly pushed the Australian dollar down to $US0.9362 on 3 July 2014
CORPORATES
RESERVE BANK OF AUSTRALIA, INTERNATIONAL MONETARY FUND, BANK FOR INTERNATIONAL SETTLEMENTS, AUSTRALIA. DEPT OF THE TREASURY, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA