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At its meeting today, the Board decided to reduce the cash rate by a further 100 basis points, to 3.25 per cent, effective 4 February 2009.There was a significant deterioration in world economic...
At its meeting today, the Board decided to reduce the cash rate by a further 100 basis points, to 4.25 per cent, effective 3 December 2008.Recent actions by governments and central banks to stabilise...
IntroductionWorld financial markets have come under severe stress in the period since the last Statement. Strains in credit markets escalated in early September, and the period since then has been...
At its meeting today, the Board decided to reduce the cash rate by 75 basis points to 5.25 per cent, effective 5 November 2008.World financial markets have remained turbulent over the past month....
Members PresentGlenn Stevens (Chairman and Governor), Ric Battellino (Deputy Governor), Ken Henry AC (Secretary to the Treasury), John Akehurst, Jillian Broadbent AO, Roger Corbett AO, Graham Kraehe...
Address to the Trans-Tasman Business CircleBusiness LuncheonSydney - 21 October 2008In Les Carlyon's Gallipoli, a conversation is recounted in which a Turkish soldier is said to have asked some New...
At its meeting today, the Board decided to lower the cash rate by 100 basis points to 6.0 per cent, effective 8 October 2008.Conditions in international financial markets took a significant turn for...
Members PresentGlenn Stevens (Chairman and Governor), Ric Battellino (Deputy Governor), John Akehurst, Jillian Broadbent AO, Roger Corbett AO, Graham Kraehe AO, Donald McGauchie AO, Warwick...
Glenn StevensGovernorMelbourne - 8 September 2008Mr Chairman, thank you for the opportunity to meet again with the House Economics Committee.It might be helpful for our discussion if I begin by...
At its meeting today the Board decided to lower the cash rate by 25 basis points to 7.0 per cent, effective 3 September.Inflation in Australia has been high over the past year in an environment of...