Major drought conditions afflicting most parts of Eastern Australia and flooding in Queensland; and the substantial closure of the car manufacturing industry in South Australia and Victoria. How resilient are our states in facing up to such events?
While the decision to cut the cash rate by 25bp to 0.75 percent was priced into the market as a near certainty, the factors influencing the outcome were certainly not straightforward.
It’s good news that most Australian retail investors would be prepared to accept lower financial returns in exchange for ethically and responsible corporate behaviour.