Australia's central bank, the Reserve Bank of Australia (RBA) has said that a strong Australian dollar has helped the country manage through a period of investment boom.

RBA deputy governor Philip Lowe said that the country is in a better condition to deal with the global economic situations mainly due to its investment attractiveness. Lowe was speaking at the Commonwealth Bank's Australasian Fixed Income Conference in Sydney.

He noted that the key indicators suggest that the Australian economy has been able to manage global slowdown. He said that the economy recorded healthy growth rates, unemployment rate was low, inflation was in line with targets, public debt was low and the banking system of the county has been sound.

He also said that the fact that the interest rates in Australia are above that of other industrialized nations and this has helped the economy especially in terms of investments. "The main reason for this is that the rate of return on new investment in Australia is higher than in many other countries, as evidenced by the high level of investment," he said.