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Number 2013-10 Date 7 May 2013 Embargo For Immediate Release. Statement by Glenn Stevens, Governor: Monetary Policy Decision At its meeting today, the Board decided to lower the cash rate by 25 basis points to 2.75 per cent, effective 8 May 2013. The global economy is likely to record growth a little below trend this year, before picking […]
Read more...Lessons from global interest rates
Lessons from global interest rates Every month economists scramble to predict what the Reserve Bank will do with the ‘official cash rate’. Since August 2013 the answer has been nothing – with the rate staying at 2.5%. The cash rate is the interest rate which banks use to borrow from or lend to other banks […]
Read more...Google: The $1 trillion question
Google: The $1 trillion question Since February 2013, Google has significantly outperformed Apple and the S&P500 index, with Google up 46.4 per cent while Apple has risen only 13.3 per cent and the S&P500 index 18.4 per cent. Whilst Google is no doubt performing well, there is still a long way to go. Below we […]
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