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    05.11.2015 09:49 Reserve Bank of Australia Governor Glenn Stevens: the interest rate cut is more likely in the near term than an interest rate hike

    The Reserve Bank of Australia (RBA) Governor Glenn Stevens said at a conference in Melbourne on late Wednesday evening that the interest rate cut is more likely in the near term than an interest rate hike.

     

    "Were a change to monetary policy to be required in the near term, it would almost certainly be an easing, not a tightening," he said.

     

    The RBA governor noted that the economy continued to grow.

     

    "We are still growing. It would be good if the growth was a bit stronger, but nonetheless over the past year the non-mining side of the economy has generated respectable growth in employment," Stevens said.


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