67705
Australia Keeps Rates on Hold
World Economy

Australia Keeps Rates on Hold

Australia’s central bank held interest rates at a record low Tuesday as the economy endures a soft patch while wage growth stutters, shunning indications of a move to tighter monetary policy elsewhere, AFP reported. The Reserve Bank of Australia has sat on the sidelines since August, having cut borrowing costs 300 basis points since November 2011 to support the economy as an unprecedented mining investment boom ends. “The board judged that holding the stance of monetary policy unchanged at this meeting would be consistent with sustainable growth in the economy and achieving the inflation target over time,” RBA governor Philip Lowe said in a statement.

 

Short URL : https://goo.gl/pG3Gvy
  1. https://goo.gl/L7neCV
  • https://goo.gl/aqgYNh
  • https://goo.gl/iRzk4A
  • https://goo.gl/UgWkQJ
  • https://goo.gl/XHRjVW

You can also read ...

Close to 40% of digital transformation initiatives will be supported by AI capabilities.
The digital economy in Asia-Pacific, or APAC, is expected to...
An electronic stock indicator of a securities firm in Tokyo.
As investors come to terms with the impending end of easy...
Most economists would agree that Italy needs faster economic growth if it is to resolve its public debt  and banking-sector problems in an orderly manner.
Italy’s economy is growing again, but it’s still the worst...
Maersk is expanding its competitive universe to include different types of companies.
The world’s largest container company will start looking for...
Lloyds Profits Miss Forecasts
Lloyds Banking Group PLC raised its 2017 dividend by 20% and...
NZ Says Pacific Trade Deal Will Boost GDP
New Zealand estimates a Pacific trade deal would boost its...
CBs May Top Inflation Targets
Not only will central banks meet their inflation targets, they...
Pak Current Account Gap Widens
Pakistan’s current account deficit widened 28.74% on a month-...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus