These left the forecast for growth about where it was before. Over the next couple of years, as the drag from the decline in mining investment starts to lessen (mainly in 2016/17), and the effects of assumed low levels of interest rates and the exchange rate continue to accrue, growth is thought likely to pick up a bit.

NICOSIA (Reuters) – One day last October, a memory stick containing special software for deleting data was placed into a desktop computer at Bank of Cyprus. Within minutes, 28,000 files were erased, according to investigators who had wanted to copy the data for an official report into the collapse.

What will happen if the RBA cuts rates? 10:54 PM ET Mon, 1 Aug 2016 Irrespective of a RBA rate cut, the Australian dollar looks well-supported, says Credit Suisse’s senior FX strategist, KH Heng.

Since the last RBA cut, some have said that the RBA should just lower its inflation target because it cannot fight falling global commodity prices and what’s wrong with very low inflation anyway. This reminds me of a similar argument back in 2007-08, when inflation had pushed above 4%, that the RBA should not worry but just raise its.

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RBA leaves rates on hold at 1.5% – ING. "The RBA continues to see low wages growth lingering, but on inflation, the only notable change is how heavily this section of the statement has been.

Australian economy expected to grow around 3 pct in the medium term. Low level of interest rates continuing to support the Australian economy. The outlook for non-mining investment has improved.

 · Furthermore, RBA also stated that low level of rates continues to support domestic economy and that the outlook is for faster growth this year than last year, while it added that wage growth is to remain subdued for some time and gradually pick up.

The RBA cut rates, we said it shouldn’t. Here’s why.. I acknowledged that low inflation provided some scope for the RBA to cut rates. But I suggested that the fall in oil prices, along with.