Reserve Bank of Australia Assistant to the Chairman Kent: Australia’s sustained economic growth is a reasonable prospect.

  • Given the commodity prices in 2016, is expected to reasonable terms of trade will stabilize.
  • Mining area of investment fell by more than 75%.
  • The biggest drag on GDP growth is the mining sector, but it is now over.
  • The unemployed, further reducing is a reasonable assumption.
  • Salary increases and a gradual rise in the inflation rate is a good prospect.
  • Terms of trade showed a marked decline in the Australian dollar did not, because the global policy is relaxed state
  • The Australian dollar trade-weighted index of the decline in recent years and did not expect so much.
  • Chinese economic outlook continues to be a key source of uncertainty.

Full story: http://www.rba.gov.au/speeches/2016/sp-ag-2016-09-13.html