The five economic obstacles in the RBA's way

The economy has responded positively to low interest rates, but Reserve Bank Governor Glenn Stevens will be wary of the structural and global hurdles looming in 2014.

The Reserve Bank of Australia is naturally pleased with how the economy is responding to low interest rates. However, there remains considerable uncertainty to the outlook -- including a high exchange rate, the prospect that China’s economy will slow and excessive optimism in the housing market -- that will make it difficult for the RBA to act with confidence during 2014.

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