RBA Governor Stevens did not shed light on the immediate outlook for policy - BBH

Research Team at BBH, suggests that the RBA Governor Stevens, who is set to retire, did not shed light on the immediate outlook for policy. 

Key Quotes

“However, he said some things that will likely resonate with others.  He noted that monetary policy could not "simply dial-up" the desired growth level, and undershooting the inflation target while there is reasonable growth may be the "least bad option."  Stevens, like Carney, appears more skeptical about negative rates than the ECB and BOJ.”