MARKET AND ECONOMIC OVERVIEW Australia The RBA’s July interest rate decision was complicated by the recent strength of the Australian dollar, largely driven by a weaker US currency. The RBA noted that: “the higher exchange rate is expected to contribute to subdued price pressures in the economy. It is also weighing on the outlook for…

Economic Update

Read the latest monthly market update – covering economic and investment market issues from Australia and across the globe. MARKET AND ECONOMIC OVERVIEW Australia As mentioned in the last edition of Market Watch, the Reserve Bank of Australia (RBA) cut the official cash rate from 2% to 1.75%, a new all-time low, at their May…

In late February, David Cameron, the Prime Minister of the United Kingdom (UK) announced June 23rd as the date for a referendum on the country’s membership of the European Union (EU). This followed a lengthy attempt to renegotiate the conditions of the UK’s membership and growing calls from MP’s who asserted that the UK had…

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