Tag: Monetary Policy

Reserve Bank of Australia assistant governor Philip Lowe has warned of a return to pre-GFC levels house cost spirals as the resources sector grows. RBA assistant governor Philip Lowe warned a conference in Sydney that over “the next couple of years” capacity constraints were looming, especially as the resource sector returns to pre-GFC levels of […]

The Board of the Reserve Bank of Australia decided today to raise the cash rate by 25 basis points to 4.0 per cent, effective tomorrow. The global economy is growing, and world GDP is expected to rise at close to trend pace in 2010 and 2011. The expansion is still hesitant in the major countries, due […]