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Minutes of the Monetary Policy Meeting of the Reserve Bank Board
Members commenced their discussion of the global economy by noting the International Monetary Fund's forecast for global growth to pick up in 2020 and 2021. The easing in trade tensions between the United States and China, and ongoing stimulus delivered by central banks, had supported a modest improvement in the growth outlook for a number of economies. Global manufacturing and trade indicators, notably export orders, had continued to show signs of stabilising in late 2019. Inflation had remained low and below most central banks' targets. Members also discussed the coronavirus outbreak, which was a new source of ... (full story)
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Confucius: the man who broke the mountain was the same man who started ...