Effect on the market:
The head of the Reserve Bank of Australia Glenn Stevens in his speech on "Monetary Policy and the regions" was slightly more optimistic than previously. Speaking about the risks faced by policy, he pointed out that if downside risks do not materialize, you will need to be prepared for further tightening. He painted a very encouraging picture of where unseen since the late 19 th century boom in natural resources will continue in the near future: "growth this year would be consistent with the trend, while in 2011, will accelerate faster than trend." In turn, this increases the upside risk of inflation, a war which leads Stevens in October last year. In parallel with the majority of other developed economies, the official forecasts expect growth clearly below trend, indicating the risk of a second wave of decline (for the U.S. is estimated as 25%).
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