RBA Stevens: Easy monetary policy and lower AUD helping growth

Additional headlines from Reserve Bank of Australia Governor Glenn Stevens, appearing before the House of Representatives' Standing Committee on Economics, are now crossing the wires.

Headlines

Says activity outside resources sector improving

Real GDP growing at a lower pace than what we used to think of as normal

Says easy monetary policy and lower AUD helping growth

Adjustment we have been experiencing for a couple of years will likely continue

Economy likely to expand at moderate pace

Says employment market noticeably better than we expected a year ago

Says watching financial market turbelence, labour market

Low inflation could provide scope for further easing if needed

Underlying inflation measures are low

Economy growing at modest pace in face of considerable challenges

Market anxiety over intentions of China policymakers reflected in capital flows