Central Banking

Reserve Bank of Australia quarterly statement

PRESS RELEASE - The latest quarterly statement on Monetary Policy has been released by the Reserve Bank of Australia. It was finalised on 6 February 2003.

The first chapter of this statement is provided below. The complete statement (870K) can be viewed as a PDF file by clicking the link on the right.

Introduction

After a promising start in the early part of 2002, the global recovery lost momentum towards the end of the year. Most of the major economies showed little or no growth in the final

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