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Growth since mining boom remarkable: RBA

AAP logoAAP 22/09/2016

Australia's remarkable growth since the mining boom is due to the lower Aussie dollar, the flexible labour market and low interest rates, the Reserve Bank says.

Appearing before the House of Representatives Standing Committee on Economics on Thursday, new RBA governor Philip Lowe paid tribute to the economy's resilience.

"In many ways it's a remarkable achievement and it's (because of) the underlying flexibility that comes from the exchange rate, from the flexibility that we do see in the labour market and the ability of monetary policy to adjust to the changing circumstances," Dr Lowe said.

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