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Australia

Australia lowers interest rates

AUSTRALIA - The Reserve Bank of Australia sliced interest rates by one-quarter percentage point on 5 September to offset weakening global economic activity and despite higher-than-forecast inflation.

Australian economy 'immune' to turmoil - Costello

AUSTRALIA - Australia would be immune to looming global economic turmoil, Australian Treasurer Peter Costello said yesterday as the threat of recession looms larger for the US. Mr Costello predicted Australia would top the world economic growth table…

Monetary Policy: The End of History?

SPEECH - Stephen Grenville, Deputy Governor of the Reserve Bank of Australia gave a speech on 20 July at the Monetary Authority of Singapore 30th Anniversary Conference on Central Banking in The New Economic and Financial Landscape, Singapore.

Supereconomies face clashes

EUROPE - Central bank politics is assuming an intriguing role in attempted reversal of the slowdown of the US economy and spreading effects on other parts of the world.

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