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RBA governor Glenn Stevens upbeat on growth, jobs

Jacob Greber

Reserve Bank of Australia governor Glenn Stevens has issued an upbeat appraisal of the economy, declared signs of rising jobs growth to be genuine and downplayed the need for more official rate cuts to lower the currency.

In his regular year-end interview with The Australian Financial Review, Mr Stevens predicted a likely US Federal Reserve rate hike on Thursday would almost certainly cause problems somewhere in the world but would fall well short of bringing down the global system.

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Jacob Greber was The Australian Financial Review’s senior political correspondent. Connect with Jacob on Twitter. Email Jacob at jgreber@afr.com

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    Original URL: https://www.afr.com/policy/economy/rba-governor-glenn-stevens-upbeat-on-growth-jobs-20151215-glo3k4