RBA: economy has not felt effect of monetary stimulus - UOB

Analysts at OUB Group noted the RBA's Governor Glenn Stevens and his recent comments.

Key Quotes:

"RBA's Governor Glenn Stevens who delivered a speech in New York on Tuesday (19 Apr) said that monetary policy is reaching limits for aiding global growth."

"But he was comforted that there is no sign of financial shock that would weigh on global growth. He noted that recent turmoil in financial market was overdone but the economy has not yet felt the full effect of monetary stimulus."