Australia's RBA cautions growth not guaranteed, despite low rates

Reserve Bank of Australia Assistant Governor Christopher Kent speech to the RSL Clubs Conference in Hobart: "Future Trends in the Australian Economy"

• Says monetary policy will continue to support economy
• Low rates spurring strong activity in housing market, supporting household wealth
• But little to suggest economic growth will increase in the near term
• Repeats unemployment to rise for a bit longer, peak a bit higher than first expected
• Says many uncertainties about the outlook, better growth is not guaranteed
• Says despite fall, Australian dollar remains relatively high given state of economy
• Says lower AUD starting to help economy adjust, supporting demand in the tradable sectors