Both RBA and IMF Paint a Rosy Picture for the Australian Economy - But Can it Last?
The minutes of the November monetary policy meeting of the Reserve Bank of Australia, or RBA, and the latest annual report on Australia by the International Monetary Fund, or IMF, paint a rosy picture of the near-term outlook for the Australian economy. Both institutions expect strong economic growth, supported by low interest rates, above trend growth in Australia’s major trading partners, strong population growth and stronger than expected terms of trade. Despite these positive views there are...National Australia Bank provides banking services, credit and access card facilities, leasing, housing and general finance, international banking, investment banking, wealth management, funds management, life insurance and custodian, trustee and nominee services. Co.'s division include: Australian Banking, which provides products and services to retail and business customers; National Australia Bank Limited Wealth, which provides superannuation, investment and insurance solutions; and New Zealand Banking, which comprises the Retail, Business, Agribusiness, Corporate and Institutional and Insurance franchises in New Zealand. As of Sept 30 2016, Co. had total assets of A$777.62 billion.
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