RBA keeps cash rate at 2 per cent at August meeting The Reserve Bank of Australia’s decision to keep the cash rate steady at 2 per cent for the third month in a row has heightened expectation it will not cut again in the current cycle. Despite the Tuesday decision being widely expected, the Australian dollar surged […]
RBA’s Glenn Stevens: Australia may need to rethink growth
RBA’s Glenn Stevens: Australia may need to rethink growth Australian policymakers may need to adjust their idea of the country’s ideal growth rate to account for slowing population growth and other demographic changes, Reserve Bank of Australia governor Glenn Stevens says. Mr Stevens told attendees at the annual Anika Foundation lunch in Sydney that better than expected unemployment rates and signs business confidence had […]
