Glenn Stevens: Recent economic and financial developments in Australia Opening statement by Mr Glenn Stevens, Governor of the Reserve Bank of Australia, to the House of Representatives Standing Committee on Economics, Sydney, 14 August 2009. *  *  *  Mr Chairman, Thank you for the opportunity to meet once again with the House Economics Committee.
This is particularly likely to be the case for a smaller country, where the size of the capital inflows it attracts may be large relative to the size of its economy, even if the capital flows are small for the large country that is easing its policy.9 So while it may be the case that the monetary  7  For those who are interested, these transactions are evident in a couple of statistical tables on the RBA website.