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 […]

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 […]

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 […]