181 Posts

2019 End of Financial Year

Posted on July 3, 2019 by Ben Pimm

Saturday night saw the GeersSullivan staff and partners bring in the end of financial year at Gazette at Print Hall.

The evening was spent mingling and reflecting on the past 12 months as well as looking forward to the excitement of a new year ahead.

As we turn the corner on another financial year, on behalf of all of us at GeersSullivan, we would like to thank you for your continued support and look forward to working closely with you all in the 2020 financial year.

RBA Interest Rate Cut

Posted on July 2, 2019 by Ashley Dawson

At its meeting today, the Board of the Reserve Bank of Australia decided to lower the cash rate by 25 basis points to 1.00 per cent. This follows a similar reduction at the Board’s June meeting. This easing of monetary policy will support employment growth and provide greater confidence that inflation will be consistent with the medium-term target.

The outlook for the global economy remains reasonable. However, the uncertainty generated by the trade and technology disputes is affecting investment and means that the risks to the global economy are tilted to the downside. In most advanced economies, inflation remains subdued, unemployment rates are low and wages growth has picked up. The slowdown in global trade has contributed to slower growth in Asia. In China, the authorities have taken steps to support the economy, while continuing to address risks in the financial system.

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