The Economic Update – September 2013

Summary:

In Australia, the Reserve Bank of Australia (RBA) lowered the cash rate by a further 0.25% to 2.5% at the start of August. In Australia, official interest rates moved lower in July after the RBA noted that low inflation provided scope for further cuts to the cash rate despite the large fall in the Australian dollar.
Economic growth in the US in the June quarter was revised higher to an annualised 2.5%, a rate which is broadly in line with what the US Federal Reserve (the Fed) conside…