SKIP TO MAIN CONTENT

PM comfortable with RBA's dollar comments

Prime Minister Tony Abbott believes it is appropriate for the Reserve Bank of Australia governor to comment on the Australian dollar.

Prime Minister Tony Abbott
Tony Abbott says he's comfortable with the RBA governor's comments on the Australian dollar. (AAP)

1 min read

Published

Updated

Source: AAP


Skip to article content

Prime Minister Tony Abbott says he is comfortable with the central bank governor's comments on the Australian dollar.

Reserve Bank of Australia governor Glenn Stevens says he'd prefer to see the dollar closer to 85 US cents than 95 US cents.

Mr Abbott was quizzed on the comments following a Council of Australian Government meeting on Friday.

He said the market should determine the value of the dollar, and doesn't believe anyone should try to buck the market.

"That doesn't mean the Reserve Bank shouldn't from time to time prudently involve itself in the market to encourage what it thinks is the right market developments," Mr Abbott told reporters in Canberra.

News that makes sense

Your trusted source for staying up-to-date with the world around you. Get free daily news updates and analysis, straight to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

"I'm very comfortable with what the governor has to say and I don't believe it's appropriate for me to add to it or to subtract from it."


Get SBS News straight to your inbox

Sign up now for daily news from Australia and around the world. You can also subscribe to Insight's weekly newsletter for in-depth features and first-person stories.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Follow SBS News

Download our apps

Listen to our podcasts

Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS

SBS World News

Take a global view with Australia's most comprehensive world news service

Stream now

Watch the latest news videos from Australia and across the world