General economic/business information
3rd March 2015
Statement by Glenn Stevens, Governor: monetary policy
At its meeting today, the board decided to leave the cash rate unchanged at 2.25%.
Growth in the global economy continued at a moderate pace in 2014. A similar performance is expected by most observers in 2015, with the US economy continuing to strengthen, even as China’s growth slows a little from last outcome.
Buying on 1st April last year (2014) wasn’t totally foolish….
It is said that falls rushing, but investors who bought on April. A year ago and avoided the resources company did well. Let’s take a look at April Fools’ Day then, and now.
THE MARKET: they’ve been skittish recently. As of Wednesday, Wall Street’s Dow Jones industrial average had posted three 200-point-plus movies in five days, one of them up and two of them down. The Australian market has traced a sawtooth pattern in sympathy, falling by 94 points, rising by 41 points, falling by 74 points, rising by 45 points and falling by just under 31 points on Wednesday.