RBA bleak on Australian economy
| Source: | Lateline Business |
|---|---|
| Published: | Monday, August 11, 2008 9:36 AEST |
| Expires: | Sunday, November 9, 2008 9:36 AEST |
Inflation looks set to finally fall, but the cost is likely to be rising unemployment. In its quarterly statement on monetary policy, the Reserve Bank painted a bleak outlook for the Australian economy, but hinted that interest rates will soon be coming down.
Search for news
ABC News Online takes a look at the big stories from 2008.
