Timo Henckel and Dr Henckel

Australian National University: Australian National University Timo Henckel said earlier today wild swings on global stock markets have made investors edgy, the economic news coming out of China is not favourable and figures last week showing domestic private investment has plummeted."On the other hand, US growth surged to 3.7 percent annually and fears of a debt crisis in the eurozone have abated," Dr Henckel said, according to Nine News Australia. A statement from the board released with today announcement acknowledged Australia terms of trade were falling."In Australia, most of the available information suggests that moderate expansion in the economy continues," the statement read."While growth has been somewhat below longer-term averages for some time, it has been accompanied with somewhat stronger growth of employment and a steady rate of unemployment over the past year."Full statement from the RBA on Tuesday 1 September:At its meeting today, the Board decided to leave the cash rate unchanged at 2.0 percent. The RBA met this afternoon at their monthly board meeting and voted to keep the cash rate at the record low of two percent. The global economy is expanding at a moderate pace, with some further softening in conditions in China and east Asia of late, but stronger US growth. Australia terms of trade are falling. Key commodity prices are much lower than a year ago, in part reflecting increased supply, including from Australia. (news.financializer.com). As reported in the news.