Business report Essay Example | Topics and Well Written Essays - 1500 words - 1

Business report - Essay ExampleThe cash rate or the interest rate of monetary policy has been stable for the past pecuniary year and half, and the board had already taken some time to evaluate the implication of substantially reducing the rate of interest on the monetary policy. Finally, the harbour Bank of Australia has done a crucial job in controlling the lending rate by reducing the cost of borrowing. Also. Since the Australian dollar was week against the U.S dollar, the reserve bank operated with favorable monetary policies to prevent the collapse of the Australian Economy. Therefore, the economy is stable and there is a predictable growth in the stolon half of 2015. The growth pass on boost investment, the rate of return to commercial banks and employment.One of the most important elements in the performance of any economy is the tot of workforce or the employment status of the population. High level of employment results in a blue output of the economy and consequently a high level of development. However, the level of employment is not the only determinative of economic growth, especially when it comes to global markets. The prices of oil have proved to a significant determinant of macroeconomics and research has already pointed out that the increase in the prices of oil is hazardous to global markets. The prices of commodities have been observed to decline and the price of oil has significantly travel over the last couple of months which has resulted to a lower level of demand as a result of high level of supply. Interestingly, since oil is arguably the event driver of any economy, lower price of the energy is tipped to strengthen the global output and the rates of inflations are temporarily expected to fall. This study will look to explain the current economic situation in Australia and making a forecast for the rates of cash of the Central Banks, keeping in mentality the drop in the prices of the oil in the global market.With the cost of oi l falling in the