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Today the head of the RBA Glenn Stevens said the central bank's inflation target is flexible, and inflation may remain below target for some time.
Stevens also said that the leadership of the central bank, whose task is to balance the risks in the economy, discussed the risks associated with the preservation of very low interest rates.
"Given the low interest rates around the world, it would be strange to think that Australia will not follow the example of other central banks," - said Stevens and added - "You can not rely solely on interest rates in an effort to accelerate economic growth"
Also the head of the RBA stated the need to increase the efforts to accelerate the growth of the country's GDP.
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