Crikey asked some of Australia’s leading economists if the RBA needs to rethink its inflation targets. Is 2% to 3% still the right target for Australia? By Thomas Hunter.
Growth target
Morning Market Report
The highlights and lowlights of this morning’s sharemarket activity.
Fed chops US growth forecast
The US Federal Reserve has chopped back its 2008 forecast for American economic growth, holding out the possibility that the economy could slow to stalling speed in the first half, writes Glenn Dyer.
Deutsche bank discovers St George financials under threat
The Australian banks’ safe haven status is increasingly coming under pressure amidst what only can be described as ongoing freezing temperatures on global debt and credit markets. The latest victim could well be Australia’s fifth largest bank, St George, writes Rudi Filapek-Vandyck.
