Sydney Morning Herald (Free subscription) | 01/12/2008
SPRING is usually the busiest time of the year for Ray Estell, owner of the pool shop in Sylvania Waters, home suburb of the governor of the Reserve Bank, Glenn Stevens.
Banking Times: Daily Banking News (Free subscription) | 02/12/2008
The Reserve Bank of Australia has continued its series of rate cuts with a 100 basis point reduction in the interest rate to 4.25%. The change will be effective from 3 December. Governor Glenn Stevens has released a statement explaining that both emerging and major economies continue to be struggling with the worldwide economic downturn. This has in [...]
Conquer The Wallstreet !!! (Free subscription) | 03/12/2008
According to Bloomberg , Glenn Stevens, Governor of Reserve Bank of Australia today announced the overnight cash rate cut by 1% to a six-year low of 4.25 percent, the fourth reduction in as many months and an extending the biggest round of reductions since the nation was last in a recession in 1991. Four of 21 economists surveyed by Bloomberg News forecast today’s move and 15 tipped a...
World Economy & Development (Free subscription) | 02/12/2008
Dec. 2 (Bloomberg) -- Australia’s central bank cut its benchmark interest rate by one percentage point, extending the biggest round of reductions since the nation was last in a recession in 1991. Governor Glenn Stevens lowered the overnight cash rate target to a six-year low of 4.25 percent in Melbourne today, the fourth reduction in as many months. Four of 21 economists surveyed by Bloomberg...
Courrier Mail (Free subscription) | 02/12/2008
THAT'S it. After starting slow, Reserve Bank governor Glenn Stevens has gone whack, whack, whack.
cryptogon.com (Free subscription) | 02/12/2008
Via: Bloomberg: Australia’s central bank cut its benchmark interest rate by one percentage point, extending the biggest round of reductions since the nation was last in a recession in 1991. Governor Glenn Stevens lowered the overnight cash rate target to a six-year low of 4.25 percent in Melbourne today, the fourth reduction in as many months. Four [...] Related posts: AUSTRALIA CUTS...
Safehaven (Free subscription) | 01/12/2008
When I complain about the lousy state of economic commentary I also include the Reserve Bank of Australia. In a recent speech he gave in Melbourne Glenn Stevens, the Reserve's governor, argued that "the biggest mistake we could make would be ...
Market Watch (Free subscription) | 02/12/2008
HONG KONG (MarketWatch) -- The Reserve Bank of Australia cut its main interest rate to 4.25% from 5.25% Tuesday, its lowest level since December 2001. In an accompanying statement, Gov. Glenn Stevens said the rate cut will take monetary policy to its previous cyclical low point, a level he described as "expansionary". "There has now been a major easing in monetary policy over the past...
World Economy & Development (Free subscription) | 01/12/2008
By Jacob Greber Dec. 2 (Bloomberg) -- Australia’s central bank will probably cut borrowing costs to a six-year low, extending the biggest round of interest-rate reductions since a recession in 1991, amid signs the economy is close to stalling. Governor Glenn Stevens will lower the overnight cash rate target to 4.5 percent from 5.25 percent at 2:30 p.m. in Melbourne today, according to...
Indian Express (Free subscription) | 03/12/2008
... point to 4.25% on Tuesday, extending the biggest round of reductions since 1991. Governor Glenn Stevens lowered the overnight cash rate target to a six-year low of 4.25% in Melbourne, the fourth reduction in as many months. Four of 21 economists surveyed by Bloomberg News forecast today's move and 15 tipped a three-quarter point cut. Three percentage points of cuts since September...
The Daily Reckoning Australia (Free subscription) | 03/12/2008
... wouldn't be much of a worry in 2009. "Financial market sentiment remains fragile," Governor Glenn Stevens wrote, "as evidence accumulates of weak economic conditions in the major countries and a significant slowing in many emerging countries. Commodity prices have fallen further. This, combined with the likelihood of below-trend growth in the global economy, suggests that global inflation...
Mozo articles (Free subscription) | 01/12/2008
Although the Reserve Bank has already brought the base rate to its lowest level since late 2001, experts are forecasting that by Easter next year, Bank governor Glenn Stevens and friends could take the rate to a level not seen since 1960.
Law Blog - WSJ.com (Free subscription) | 03/12/2008
... on average had expected a cut of 0.75 percentage point.In a statement, Reserve Bank Gov. Glenn Stevens cited weakening conditions around the globe and falling demand for commodities, a cornerstone of the national economy. "The Australian economy has been more resilient than other advanced ...
The Australian (Free subscription) | 02/12/2008
... before the really bad news on the economy hits the streets. If anything, Reserve Bank governor Glenn Stevens yesterday hosed down expectations of further big downward steps in official interest rate cuts next year. As Stevens pointed out, the central bank has delivered a "major easing", which has now put monetary policy on an "expansionary setting". Along with the budget handouts...
The Australian (Free subscription) | 02/12/2008
THE Reserve Bank's carefully crafted message is that yesterday's rate cut should be enough to keep the credit flowing.Both the rate cut and Reserve governor Glenn Stevens's statement explaining the reasons for it are designed to instil some confidence. There was none of the fire and brimstone that accompanied the last full percentage point rate cut in October, when Stevens dwelt...
