Would hesitate to say where the AUD should be, can't forecast it well
more to come
Kent spoke earlier: RBAs Kent: AUD did not fall as much as implied by terms of trade
more now, from the Q&A:
- Nominal income targeting would be very hard for public to understand
- Infaltion targeting very well understood, RBA has achieved its goals
- Says household debt is reasonably high, but has been stable for some time
- Australia government debt not particularly high, fiscal challenge is long term
Those headlines from his Q&A are via Reuters