Yesterday’s Official Cash Rate announcement follows the Monetary Policy Committee’s August decision to reduce the OCR by 50 basis points to 1.0 percent, the lowest rate since the OCR was introduced in March 1999. When we made our August announcement we were rightly challenged by some commentators as to whether we knew something more than the conventional economic indicators have been showing?
5 ec.europa.eu/digital-single-market/en/news/final-results-eurobarometer-fake-news-and-online-disinformation 6 Pinker, Steven (2017), “Enlightenment Now: The Case for Reason, Science, Humanism, and Progress“;  Rosling, Hans, Ola Rosling, and Anna Rosling Rönnl (2018), “Factfulness: Ten Reasons We’re Wrong About The World – And Why Things Are Better Than You Think”. 7 See Financial Stability Board (2011), “Policy measures to address systemically important financial institutions”,  November 2011.