RBA Deputy Governor Guy Debelle:-
- “Equity prices embody a view of the future that robust growth can continue without generating a material increase in inflation.”
- “There is little priced in for the risk that this may not turn out to be true.”
- Market volatility in February, was just “a small example of what could happen following a larger and more sustained shift upwards in the rate structure.”
- He admitted before wrong in predicting higher volatility before, but added “I think there is a higher probability of being proven correct this time.”
