Reserve Bank Leaves Interest Rates on Hold
Having picked up in the early months of 2012, growth in the world economy has since softened. Current assessments are that global GDP will grow at no more than average pace in 2012.
August 7, 2012
Having picked up in the early months of 2012, growth in the world economy has since softened. Current assessments are that global GDP will grow at no more than average pace in 2012.
New home sales edged up for the third straight month in June following the Reserve Bank’s most recent interest rate cut in the same month. The Housing Industry Association’s new home sales report showed a 2.8 per cent rise in new home sales, driven by a 15.7 per cent surge