Australia cenbank says lower A$ from last year to help economy

13 Feb, 2014

SYDNEY: Reserve Bank of Australia (RBA) Assistant Governor Christopher Kent said on Friday that a lower exchange rate compared with levels seen last year, if sustained, will help economic growth.

Kent also play down Thursday's surprisingly weak jobs data, saying unemployment tended to lag activity. He added that there were reasonable prospects for non-mining investment to pick up next year.

Kent made those remarks in Sydney at a Q&A after giving a speech.

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