Why Reserve Bank of Australia has switched focus from $A to growth and reform
Mark MulliganWorld editor
Updated
The Reserve Bank of Australia finally appears happy with the level of the Australian dollar, as governor Glenn Stevens's main concern has now switched to long-term growth trends and the need for fiscal reform.
Australia's secular slowdown, and the reasons for it, took centre stage at the governor's annual address to the Anika foundation in Sydney this week.
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