Australia Decided to Hold Interest Rates
As already predicted market participants, the Reserve Bank of Australia (RBA) decided to hold its benchmark interest rate. Thus, already six times in a row, the RBA held interest rates as the economic downturn in the U.S..
RBA Governor Glenn Stevens decided to hold its benchmark interest rate at 4.75% level in Sydney. It has previously been predicted by 23 of the 28 economists surveyed by Bloomberg.
Steven decision reflects a slowdown in manufacturing in China and Japan, as well as slowing economic expansion in India. Those countries are quite influential on Australian exports.
“Weak global data increases the risk of decline in the Australian economy outlook,” said Roland Randall, an economist with TD Securities Inc. in Singapore.
Related posts:
- Australia’s Central Banks rely on Goverment to Reinforce Monetary Reserve Bank of Australia (RBA) decided to continue to hold...
Comments
Please Tell me what is your opinion about my article above...