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.. Read more
Australia’s Central Banks rely on Goverment to Reinforce Monetary
Reserve Bank of Australia (RBA) decided to continue to hold its benchmark interest rate in Australia at the level of 4.75%. This decision was in accordance with the expectation that 23 of 28 economists surveyed by Bloomberg. Five of them expect the RBA will raise rates 25 basis points (bps). Read more