China economy growth is encouraging and Australia's inflation has been eased, said Loewe, vice president of Reserve Bank of Australia.
"The pessimism about China economy has proved faulse again. Recent economy growth is quite encouraging. I can't find any reason to worry economies continue to flounder." said Loewe.
He said Australia's inflation has been eased though the data released on Wensday shows that overall inflation rate in the third quarter is higher than expected.
Written by Nicolas Yang