Sentences with phrase «expansionary stance of policy»

With the risks to the Australian economy from abroad abating further over recent months, and with signs that domestic growth was running faster than expected, the Board's deliberations turned to the question of how much longer such an expansionary stance of policy should be maintained.

Not exact matches

Thus the shock hit the Australian economy at a time when it was in reasonable shape with the stance of monetary policy already relatively expansionary.

In the current context, the expectation of a temporary period of lower growth and inflation may well point to a case for monetary policy to be on the expansionary side of neutral, as it already is, but it is not of itself a case for moving to a more expansionary stance than is currently in place.

As has been clear in previous Statements, the Bank has judged the stance of monetary policy over the past several years to be expansionary when compared with relevant historical benchmarks.