RBA's Kent: Good prospects for growth, eventual increase in wages and inflation

The Reserve Bank of Australia's Assistant Governor, Financial Markets Christopher Kent, is speaking at the

he said that Australia's central bank sees good prospects for growth and an eventual increase in wages and prices, though inflation is unlikely to be sustainably within its target range until 2024 at the earliest, as reported by Reuters. 

key notes

• 7:30:00 - RESERVE BANK OF AUSTRALIA ASSISTANT GOV KENT SAYS GOOD PROSPECTS FOR GROWTH, EVENTUAL INCREASE IN WAGES AND INFLATION
• 08-Jun-2021 17:30:00 - RBA'S KENT: POLICY MEASURES HAVE DELIVERED, WILL CONTINUE TO DELIVER, VERY STIMULATORY MONETARY CONDITIONS
• 08-Jun-2021 17:30:00 - RBA'S KENT: STIMULUS TO REMAIN UNTIL ECONOMY RETURNS TO FULL EMPLOYMENT, INFLATION CONSISTENT WITH TARGET
• 08-Jun-2021 17:30:00 - RBA'S KENT: INFLATION UNLIKELY TO BE SUSTAINABLY WITHIN TARGET RANGE OF 2−3% UNTIL 2024 AT THE EARLIEST
• 08-Jun-2021 17:30:00 - RBA'S KENT SAYS "TFF" WILL PROVIDE SUBSTANTIVE SOURCE OF LOW-COST FUNDS FOR NEXT 3 YEARS
• 08-Jun-2021 17:30:00 - RBA'S KENT SAYS SUBSTANTIAL FALL IN AUSTRALIAN BANKS’ FUNDING COSTS HAS BEEN PASSED THROUGH TO BORROWERS
• 08-Jun-2021 17:30:00 - RBA'S KENT SAYS RISE IN GLOBAL BOND YIELDS THIS YEAR WAS NOT A CAUSE FOR CONCERN
• 08-Jun-2021 17:30:00 - RBA'S KENT: GLOBAL INFLATION EXPECTATIONS HAVE RISEN, BUT ONLY TO LEVELS OF A FEW YEARS AGO
• 08-Jun-2021 17:30:00 - RBA'S KENT: EXPECTATIONS DO NOT POINT TO INFLATION RISING ABOVE CENTRAL BANK TARGETS IN SUSTAINABLE WAY

More to come...