STATEMENT ON MONETARY POLICY – AUGUST 2007

Contents

Introduction

International Economic Developments

Box A: Measuring Global Growth

Box B: Recent Developments in Oil Prices

International and Foreign ExchangeMarkets

Domestic Economic Conditions

Box C: Developments in the Construction Sector

Domestic Financial Markets and Conditions

Box D: Recent Developments in Corporate Gearing in Australia

Inflation Trends and Prospects

List of graphs

List of tables

The material in this Statement on Monetary Policy was finalised on 9 August 2007 and released on 13 August 2007. The next Statement is due for release on 12 November 2007.

The Statement on Monetary Policy is published quarterly in February, May, August and November each year. All the Statements are available on the website when released and are reproduced in the following issue of the Bulletin. Expected release dates are advised ahead of time on the Bank’s website. For copyright and disclaimer notices relating to data in the Statement see the Bank’s website.

ISSN 1448–5133 (Print)
ISSN 1448–5141 (Online)