Reserve Bank of Australia Governor Glenn Stevens appears in parliament on Friday morning Australian time
- From 9.30am local time (which is 2230GMT on Thursday)
- Before the House of Representatives' Standing Committee on Economics
- Stevens does this appearance twice a year
Last week we got the RBA's Statement on Monetary Policy. This will provide the framework for Stevens' comments tomorrow - it was out less than a week ago so he isn't going to depart notably from it
As I've been saying for a while now, he will be reasonable happy with progress in the Australian economy, but he will emphasise the risks from global developments.
Emphasising the risks from offshore is reasonable and prudent, who wouldn't? But, he has another motivation, which is to keep a lid on the Australian dollar.
The RBA does not want the AUD to appreciate from here, so we can expect Stevens to sound dovish tones with respect to offshore markets and economies and perhaps even give the AUD a kick lower if the opportunity presents itself (it will).
Stevens (in the cap) and his airplane. Yes, its his.
