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Jobs will go, Reserve Bank admits

                   
news.com.au
08-Sep-2008
        
Story Timeline:  86 days

THE Reserve Bank of Australia expects the unemployment rate will increase and can't totally rule out the chances of recession. RBA Governor Glenn Stevens said today it would take something "quite surprising" to reverse a likely downward trend in interest rates. Mr Stevens and fellow central bank officials faced a three-hour grilling by federal parliament's House Economics Committee in Melbourne today, the RBA's... [read full story]                    

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Latest article on this story:

RBA can & #39;t totally rule out recession

 yahoo.com 08-Sep-2008
First article on this story:

Emissions trade no big threat: RBA

 news.com.au 07-Sep-2008
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WRAPUP 1-Australia central bank sees cautious easing cycle

finanznachrichten.de
08-Sep-2008
        

SYDNEY, Sept 8 (Reuters) - In a semi-annual testimony to lawmakers, Reserve Bank of Australia (RBA) Governor Glenn Stevens saw consumer price inflation peaking around 5 percent by the end of this year, well beyond its...

                   

RBA to show caution on easing rates

abc.net.au
08-Sep-2008
        

Reserve Bank governor Glenn Stevens is hosing down expectations of deep cuts to interest rates over the coming months. For the Reserve Bank, that reduces the need to ease policy quickly, particularly while inflation is...

                   

Recession, jobs fears loom

news.com.au
08-Sep-2008
        

THE Reserve Bank of Australia expects the unemployment rate will increase and can't totally rule out the chances of recession. RBA Governor Glenn Stevens said today it would take something "quite surprising" to reverse a...

                   

Slowing economy 'will curb inflation'

news.com.au
08-Sep-2008
        

RESERVE Bank governor Glenn Stevens says a slowing economy will help to bring down inflation. "I guess what's changed is time's elapsed, tight policy is working, we're getting closer to when we think inflation will come...

                   

Asia-Pacific Market Recap: Australian Bonds Decline After RBA Testimony

economicnews.ca
08-Sep-2008
        

Following comments from RBA governor Glenn Stevens in his semi-annual testimony to parliament, Asia-Pacific fixed income markets are declining and equities are higher with yields on Australian 10-year bonds up 14.4 bps to...

                   

RBA's Stevens Says CPI Could Hit 5% Later This Year, Growth Will Be "Subdued"

economicnews.ca
08-Sep-2008
        

Speaking to the Australian parliament on Sunday night EDT, Reserve Bank of Australia Governor Glenn Stevens said the outlook for the Australian economy is for subdued growth in the near term, and that over the next six...

                   

More cuts likely, says RBA

smh.com.au
08-Sep-2008
        

Agencies | September 8, 2008 - 11:05AM Australia's interest rates are headed lower and are unlikely to reverse that course because of rapidly cooling consumer spending and borrowing, Reserve Bank governor Glenn Stevens...

                   

Stevens defends interest rates record

news.com.au
08-Sep-2008
        

THE Reserve Bank of Australia (RBA) governor Glenn Stevens says the central bank did not get it wrong when it hiked interest rates earlier this year, rejecting claims it went too far in its fight against inflation. Mr...

                   

Unemployment rate will rise - RBA

news.com.au
08-Sep-2008
        

RESERVE Bank of Australia (RBA) governor Glenn Stevens says the unemployment rate is likely to rise as the economy slows. "In an episode of this type, I think, and we've said this publicly, the rate of employment growth...

                   

Inflation 'won't fall for six months'

news.com.au
07-Sep-2008
        

THE Reserve Bank of Australia (RBA) says Australia is probably six months away from seeing clear evidence that inflation has begun to fall. Governor Glenn Stevens says the central bank expects demand growth will remain...

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