The Assistant Governor of the Reserve Bank of Australia has joined other finanical experts in suggesting the Asian region had been largely insulated from the economic downturn and would aggressively outperform other global economies in the medium term.
THE Reserve Bank was expected to lift official interest rates after its board meeting this week.Whether it moved this week, or next month, it is inevitable that rates will increase over the rest of the year.
THE Reserve Bank is applying a heavy-handed approach to the economy, warned CPA Australia after the recent announcement of a further 0.25 percentage point increase in interest rates.
