Talk about being stuck between a rock and hard place. Governor Glen Stevens can't raise interest rates because it could send the overvalued A$ even higher and further slow the slowing economy. He couldn't lower interest rates further without blowing the property market into a bubble (if as he thinks, it is not yet). https://www.financialstandard.com.au/feed/latest?story=35746216 en-AU Copyright 2026 Financial Standard 5