RBA Statement on Monetary Policy, November 2002

REPORT - The Reserve Bank of Australia released its November 2002 Statement on Monetary Policy on 11 November. In the statement the RBA divide the year into two distinct phases with emerging optimism characterising the first half. However the second phase has brought considerable uncertainty as to whether the momentum of growth will be sustained. On the Australian economy the RBA report that overall, domestic financial markets continue to show a good deal more stability than markets overseas

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