We present observations of the 1997 outburst of the X-ray transient GS 1354
-64 (BW Cir) at X-ray, optical and, for the first time, radio wavelengths;
our results include upper limits to the linear and circular polarization fo
r the radio data. The X-ray outburst was unusual in that the source remaine
d in the low/hard X-ray state throughout; the X-ray peak was also preceded
by at least one optical outburst, suggesting that it was an 'outside-in' ou
tburst similar to those observed in dwarf novae systems, although possibly
taking place on a viscous time-scale in this case. It therefore indicates t
hat the optical emission was not dominated by the reprocessing of X-rays, b
ut that instead we see the instability directly. While the radio source was
too faint to detect any extended structure, spectral analysis of the radio
data and a comparison with other similar systems suggest that mass ejectio
ns, probably in the form of a jet, took place and that the emitted synchrot
ron spectrum may have extended as far as infrared wavelengths. Finally, we
compare this 1997 outburst of GS 1354-64 with possible previous outbursts a
nd also with other hard-state objects, both transient and persistent. It ap
pears that a set of characteristics-such as a weak, flat-spectrum radio jet
, a mHz QPO increasing in frequency, a surprisingly high optical/X-ray lumi
nosity ratio, and the observed optical peak preceding the X-ray peak-may be
common to all hard-state X-ray transients.