From the category archives:
The global financial crisis is “a crisis of credit markets”, says Malcolm Edey, Assistant Governor (Economic) of the Reserve Bank of Australia.
In an address to the Foundation for Aged Care Business Breakfast in Sydney, Edey traced the origins of the financial crisis, discussed its effects and looked at responses to the crisis.
This is the text [...]
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The Reserve Bank of Australia has cut the cash rate a further 0.75% to 5.25%.
The 0.75% cut follows reductions of 1.0% in October and 0.25% in September.
Listen to Treasurer Wayne Swan comment on the interest rate decision:
LISTEN
This is the text of a statement from the Governor of the Reserve Bank, Glenn Stevens:
At its meeting today, [...]
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The Governor of the Reserve Bank of Australia, Glenn Stevens, says the risk of a “global economic catastrophe” has declined.
In an address to the Trans-Tasman Business Circle today, Stevens said: “At moments like this, it is hazardous to make predictions. However, it seems to me that the key elements of dealing with the root issues [...]
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