RBA Statement on Monetary Policy, August 2002

REPORT - Reserve Bank of Australia, Statement on Monetary Policy, August 2002. The statement struck a cautiously optimistic note with the Reserve Bank saying 'the most plausible scenario' was that global markets would stabilise and Australian economic growth would continue to outstrip major world economies'.

Read the full statement

Introduction

There has been a marked deterioration in sentiment in global financial markets over the past couple of months, with a considerable increase in uncertainty

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