Tuesday, 20 December 2011 11:17 Madeleine Heffernan and Patrick Stafford More on Economy Australian sharemarket rallies on positive overseas leads SMEs shouldn't ignore M&A deals, private equity: Ernst & Young How retailers got caught in a dangerous cycle: Bartholomeusz Billabong shares crash 34% after profit downgrade: Midday Roundup Auctions end year on a low note but prospects strong for 2012 Read more on: Economy Billabong ANZ Small Business Sales The Reserve Bank noted a slight improvement in domestic economy data at its last meeting, but was swayed to cut rates by the patchwork economy, the European sovereign debt crisis and mixed news on the world economy. "Overall, members concluded that growth in the world economy was likely to weaken over the coming year," minutes from the RBA's December meeting show. The minutes, released this morning, said the board believed it would be "highly likely that the sovereign credit and banking problems would weigh heavily on economic activity
Raymond Clough dnomyar34@raymondclough.com
SmartCompany.com.au - Dec 19, 2011 The Reserve Bank noted a slight improvement in domestic economy data at its last meeting, but was swayed to cut rates by the patchwork economy, the European sovereign debt crisis and mixed news on the world economy. |
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