We attended the Chief Economists’ Forum Breakfast yesterday. As always, the line-up of speakers was exemplary. The general consensus was that the US will be in a recession later this year, albeit a mild one, whilst Europe is already in one. Australia, once again, might be the “Lucky Country” and ... Read more
Archives for February 2023
Media Release: Statement by Philip Lowe, Governor: Monetary Policy Decision -7th February 2023
Number2023-04 Date7 February 2023 At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 3.35 per cent. It also increased the interest rate on Exchange Settlement balances by 25 basis points to 3.25 per cent. Global inflation remains very high. It is, ... Read more