News

In recent years, with the global economy going through a relatively chaotic phase, we’ve seen plenty of screaming headlines like “$40 billion wiped off Australian share market in one day!” “Markets brace as crisis in Europe flares up again.”  These headlines might be great for selling newspapers, but they’re not much use to us as investors and can seriously mislead us.

The Big Picture

Darren Steinhardt, Infocus Founding Director, announced today he is stepping out of the role of Infocus Managing Director to direct his energies into mentoring and coaching other business owners and entrepreneurs.

Statement by Glenn Stevens, Governor

At its meeting today, the Board decided to leave the cash rate unchanged at 3.50 per cent.

Having picked up in the early months of 2012, growth in the world economy has since softened. Current assessments are that global GDP will grow at no more than average pace in 2012. Most commodity prices have declined, which has helped to reduce inflation and provided scope for some countries to ease macroeconomic policies. Australia's terms of trade peaked nearly a year ago, though they remain historically high.