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.
Australia’s top central banker says recent interest rate cuts are not designed to spare mortgage holders the pain of falling house prices. Reserve Bank Governor Glenn Stevens said he had no intention of engineering a return to the spiralling property prices and household debt levels which characterised the pre-2007 housing