Global outlook: The latest business surveys suggest that conditions in the big advanced economies have stabilised after the softening in growth that took place since late 2011. Monthly trade and industrial indicators still point to a broad-based slowing across the emerging economies that have been driving most global economic growth…
To the surprise of the majority of analysts and economists yesterday The Reserve Bank lowered the cash rate by 25 basis points to 3.25%, the lowest rate in three years, and the 5th cut in the past 12 months. In a statement accompanying the decision, RBA governor Glenn Stevens said…
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