RBA Statement on Monetary Policy

From rba.gov.au

The global outlook remains clouded by the sovereign debt problems in Europe. Notwithstanding this, there has been a general improvement in sentiment over the past month or so following further measures by the European Central Bank and European governments. Equity and commodity prices have picked up after earlier falls, and bond yields in a number of European countries have declined. Nonetheless, further measures by European policymakers will be required over the months ahead for public finances in a number of countries to be placed on a sustainable path. Largely reflecting developments in Europe, official forecasts ... (full story)