March 2012

Welcome to our March newsletter As we head into autumn, the outlook for the Australian economy appears to be reasonably favourable. But let’s not kid ourselves: while the domestic economy seems to be weathering global volatility quite well, we’re not out of the woods yet. The ‘GFC 2’ may no longer be imminent, but a majority of economic commentators expect the road out of the global financial crisis to be a long one. At its monthly monetary policy meeting on 6 March 2012, the Reserve Bank of Australia (RBA) left the cash rate unchanged for the second consecutive month, at 4.25 per cent. The Bank’s governor, Glenn Stevens, provided some cause for optimism,
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