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RBA Policy Effect Is No Stronger Than Other Economies, Kent Says

(Bloomberg) -- Australia’s monetary policy effect is no more potent than those of other advanced economies, even though its households carry a large stock of variable-rate mortgage debt, a senior Reserve Bank official said.Most Read from BloombergIn Cleveland, a Forgotten Streetcar Bridge Gets a Long-Awaited LiftAmtrak Wins $300 Million to Fix Its Unreliable NJ-to-NYC ServiceA Bug’s Eye View of Mexico City’s Modernist ArchitectureNYC Congestion Pricing Plan With $9 Toll to Start in JanuaryChicag