It is times like these, when markets are extremely volatile, that requires a frequent reminder to stay the course, keep the long-term in sight, and ignore all the 'noise'. In addition to having some hilarious quips on economists, this is a good article on the merits of staying the course. Making ... Read more
Archives for October 2022
Media Release Statement by Philip Lowe, Governor: Monetary Policy Decision-4 October 2022
Number2022-33 Date4 October 2022 At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 2.60 per cent. It also increased the interest rate on Exchange Settlement balances by 25 basis points to 2.50 per cent. The Board is committed to returning ... Read more