RBA's Kent: Reasonable prospect of sustaining economic growth in Australia

During the Bloomberg Breakfast Address in Sidney, Australia, RBA’s Assistant Governor Christopher Kent said that he sees good prospects for a gradual lift in wages growth and inflation, adding that Australian Dollar didn’t decline as much as implied by terms of trade, due to “global policy easing”.

Key headlines (via Reuters):

• Reasonable prospect of sustaining economic growth in Australia
• Says plausible terms of trade will stabilise given rise in commodity prices this year
• Says more than three quarters of expected fall in mining investment is behind us
• Largest drag on GDP growth from mining is now past
• Says reasonable prospect for further decline in unemployment
• Says outlook for Chinese economy remains a key source of uncertainty