In a speech to economists in Melbourne, Macfarlane indicated that a slowing world economy, in particular developments in the US, remain the main risk for Australia and suggested that the Reserve Bank could cut rates further if the global outlook deteriorates.
The Reserve Bank has cut the
- BoE sparks controversy over expenses disclosure
- Riksbank says all banks should be ‘obliged’ to continue cash services
- Cyprus ex-governor says authorities asked for false audit of failed bank
- Norwegian government recommends Norges Bank retain control of SWF
- Iranian central bank looking for alternative to Swift, local media says