RBA's Stevens: Swings in AUD have helped avoid damaging cycle of inflation & bust

Speech from RBA governor Glenn Stevens in Perth today:

• Says outlook for continued moderate economic growth
• Overall economic growth has been a little disappointing in recent years
• But economic outcome of mining boom cycle "quite respectable" so far
• Says swings in AUD have helped avoid damaging cycle of inflation and bust

Reuters with the quick headlines

The topic of the speech is: After the Boom (link to full text)

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Yesterday we got Stevens' Statement accompanying the December monetary policy decision