RBA’s Lowe on the Wire
Written March 9, 2010 at 5:58 PM EST by Alex Chernomordin
The RBA’s Lowe had the following comments on the global economy and China’s policy, the market had a limited reaction to these comments:
- Global action prevented more serious downturn.
- Strength of Asian rebound was a surprise.
- Companies are generally more confident but crisis has made them more cautious.
- Capital spending plans still ‘a bit’ below average.
- China policy tightening encouraging.
- China policy actions are positive development.
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