RBA's Edey plays down recent market turmoil

Reserve Bank of Australia's Malcolm Edey, Assistant Governor (Financial System), speaking at the Australian Shareholders Association (ASA) Investor Forum in Sydney, played down recent market jitters, noting should not put excessive focus on recent market turmoil.

Additional headlines

Commentary in markets and media often "unjustifiably gloomy"

Says has been a welcome slowdown in local bank lending for housing investment

Risks building in commercial property, appear manageable at this stage