Australia has the flexibility to ease monetary policy further if...

Australia has the flexibility to ease monetary policy further if that will aid the economy, central bank Governor Glenn Stevens said Friday as he gauges the sustainability of recent jobs strength against the potential impact of global market upheaval on demand.

A “key question” is whether recent financial turbulence “will have a material negative effect on aggregate demand – in Australia or abroad,” Stevens said in his semi-annual testimony to a parliamentary panel. “I don’t expect that we will be able to answer that question for a little while yet.”

http://www.bloomberg.com/news/artic...ba-has-flexibility-to-ease-further-if-helpful