Monetary Policy Decision – Statement by Philip Lowe, RBA Governor, December 2017

At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. Conditions in the global economy have improved over 2017. Labour markets have tightened and further above-trend growth is expected in a number of advanced economies, although uncertainties remain. Growth in the Chinese economy continues to be supported by increased spending on infrastructure and property construction, although financial conditions have tightened somewhat as the authorities address the...

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'If only I had a second chance'

No matter our age, most of us would probably look back on some aspects of our lives and say to ourselves: "If only I could do that again; if only I had a second chance".   This, of course, tends to occur quite frequently in regards to our investing and saving. Often, we regret not giving enough attention in the past to our personal financial planning, not beginning to invest regularly from early in our working lives and not adequately diversifying our portfolios. And most of us probably have...

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The critical difference between desired and required returns

We probably all remember during those long difficult car trips as children repeatedly saying such irritating things to our parents as: "When do we get there?". Perhaps adding to reinforce the point, "I knew we would never get there". And then pleading whenever a fast-food joint appears on the horizon: "I NEED an ice cream". Fast forward to today and think how we broadly face similar fundamental, yet much more complex, issues regarding our retirement savings. Astute investors set their...

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Virtual currencies

Many virtual currencies, such as Bitcoin have emerged over the last 10 years but just how safe are they? We explain how virtual currencies work and the risks you take buying, trading or investing in them. What are virtual currencies? Virtual currencies are digital currency or electronic money. They do not physically exist as coins or notes. Many digital currencies (also called crypto currencies) started in online gaming communities or on social media. Although they can be used as a form of...

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