Considering the economic and financial crisis at the moment, some are confident that Australia can manage the situation. The long-term effects have altered significantly to what Australians were thinking, but it’s not certain, it will depend on the country’s investment on productivity-increasing innovation and reform and getting the right balance on regulation, says Glenn Stevens, RBA governor. Things [...]

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The Reserve Bank of Australia have just announced another cut to interest rates. This time rates have been slashed by 1 percent. RBA Glenn Stevens said “At its meeting today, the Board decided to reduce the cash rate by a further 100 basis points, to 4.25 per cent, effective 3 December 2008.”
Some good news to come from the RBA’s [...]

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