Statement by Glenn Stevens, Govenor - 2 March 2010

Tue, 04 Aug 2009 11:00:00 +1000

At its meeting today, the Board decided to raise the cash rate by 25 basis points to 4.0 per cent, effective 3 March 2010.

The global economy is growing, and world GDP is expected to rise at close to trend pace in 2010 and 2011. The expansion is still hesitant in the major countries, due to the continuing legacy of the financial crisis, resulting in ongoing excess capacity. In Asia, where financial sectors are not impaired, growth has continued to be quite strong. The authorities in some countries are now seeking to reduce the degree of stimulus to their economies.

The Proloan website has been revamped

Tue, 23 Sep 2008 15:20:00 +1000

New services, new features and new information to help you with your finances. These include: property outlook; Going to auction; Interesting facts (sound bites); Proloan Quarterly newsletter.