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Reserve Bank Of Australia Expects Global Economic Slowdown

 
Reikara
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User ID: 7368364
Australia
12/19/2011 09:12 PM
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Reserve Bank Of Australia Expects Global Economic Slowdown
"THE Reserve Bank of Australia expects global economic growth to stall in the coming year, keeping the door open for more interest rate cuts in 2012.

The RBA cut the cash rate by 25 basis points - to 4.25 per cent - at its December board meeting, citing economic instability in the eurozone and moderating inflation for its decision.

It was the second cut in a row for the RBA, after it had left rates on hold for a whole year.

In its statement released today, the central bank said growing turbulence in the eurozone - and the flow-on effects on world markets - had been a dominating factor in the decision.

"It seemed highly likely that the sovereign credit and banking problems would weigh heavily on economic activity there (in Europe) over the period ahead, and there was a non-trivial possibility of a very sharp contraction," the RBA said in the minutes."

More at:
[link to www.heraldsun.com.au]
“Saying one government is better than another government because one only killed 10 million, as opposed to 100 million is absolute insanity.” - Shingen.

"You can't live in a happy and carefree world and have freedom while you are trying to impose your will onto others." - Anonymous Coward.
Anonymous Coward
User ID: 1007250
United Kingdom
12/19/2011 09:26 PM
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Re: Reserve Bank Of Australia Expects Global Economic Slowdown
Well aint that a shocker ....
Anonymous Coward
User ID: 7403335
United States
12/19/2011 09:42 PM
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Re: Reserve Bank Of Australia Expects Global Economic Slowdown
Yes well duh!
Reikara  (OP)

User ID: 7368364
Australia
12/19/2011 09:44 PM
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Re: Reserve Bank Of Australia Expects Global Economic Slowdown
Meh I just thought it was something to finally see it in MSM, considering a couple weeks ago they were BSing about how everything is "fine".
“Saying one government is better than another government because one only killed 10 million, as opposed to 100 million is absolute insanity.” - Shingen.

"You can't live in a happy and carefree world and have freedom while you are trying to impose your will onto others." - Anonymous Coward.
GodFrequency

User ID: 7116678
United States
12/19/2011 09:53 PM
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Re: Reserve Bank Of Australia Expects Global Economic Slowdown
Good find, don't let others get you discouraged. Too many people think they know everything.
Zero Point

User ID: 7285323
Australia
12/19/2011 09:56 PM
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Re: Reserve Bank Of Australia Expects Global Economic Slowdown
Hilarious.
All the while the bail out machine keeps on printing and yet rates get CUT?
cruise
Too funny.
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