SYDNEY (Reuters) - Australia's house price correction is manageable and the ongoing downturn is unlikely to "derail" the economy which is in its 27th year of recession-free expansion, the country's top central bank official said on Wednesday.
Reserve Bank of Australia (RBA) Governor Philip Lowe was responding to media questions following a speech in Sydney where he signalled interest rates could go lower, a shift in the RBA's long-held stance that sent the local dollar sliding.
(Reporting by Swati Pandey and Wayne Cole; editing by Richard Pullin)
