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RBA Remains Cautiously Optimistic on Economy

Australia’s central bank saw signs economic activity was rebalancing toward sectors outside of the struggling mining industry when it decided to keep interest rates steady at its October policy meeting. Minutes of the Reserve Bank of Australia’s (RBA) meeting showed board members believed economic growth had picked up in the third quarter after temporary factors …

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Live TV Appearance on Channel News Asia

I appeared on Channel News Asia again this morning at 6:20am SGT, via Skype.  My questions and my responses in the form of brief notes are below: Q1. Today’s release of central bank policy meeting minutes, do you see prospect of a rate cut in November? It is certainly possible and talk continues in the …

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RBA’s Lowe: “Probability of Recession is Low”

The probability of recession in Australia is low, but a period of contraction in the economy can’t be ruled out, the Reserve Bank of Australia says. Philip Lowe, deputy governor at the Reserve Bank of Australia, said despite the country’s record of 24 years without recession, predictions of unending expansion would be misplaced. “The probability …

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