economics

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RBA leaves cash rate on hold at 2.0 per cent

At its meeting today, the RBA Board decided to leave the cash rate unchanged at 2.0 per cent.  Statement by Glenn Stevens, Governor: Monetary Policy Decision The global economy is expanding at a moderate pace, but some key commodity prices are much lower than a year ago. This trend appears largely to reflect increased supply, [...]

RBA leaves cash rate unchanged at 2.25%

Statement by Glenn Stevens, Governor: Monetary Policy Decision Moderate growth in the global economy is expected in 2015, with the US economy continuing to strengthen, even as China's growth slows a little from last year's outcome. Commodity prices have declined over the past year, in some cases sharply. The price of oil in particular is [...]