Australia would "have to respond" if a stubbornly high dollar was a drag on the economy, Former US Federal Reserve Chairman Ben Bernanke has said. Dr Bernanke also said prudential policies being used in Australia and other Commonwealth countries are "the best approach" to address ... Read more
Archives for May 2015
RBA Rate Cut Decision and Notes
Please find below an excerpt from the RBA regarding the 0.25% rate cut decision to take the rate to 2% for your perusal:- Statement by Glenn Stevens, Governor: Monetary Policy Decision At its meeting today, the Board decided to lower the cash rate by 25 basis points to 2.0 per cent, ... Read more