Tag Archives: RBA

Reserve Bank of Australia cuts cash rate

Sydney: The Reserve Bank of Australia (RBA) Tuesday announced its decision to lower the cash rate by 25 basis points to 3.25 per cent after its October board meeting. It is the lowest level of official interest rate in three years, reported Xinhua. The move follows a quarter of a percentage point reduction in June

Australian economy recovering slowly

Sydney: Australian economic conditions are at their strongest since September 2011, but the growth rate of future economic activity remains below long-term trend, according to a survey released Wednesday by the Westpac Banking Corporation and the Melbourne Institute. The Westpac-Melbourne Institute Leading Index, which indicates the likely pace of economic activity three to nine months

Australia’s economic outlook remains subdued: Survey

Sydney: Australian economic outlook improved slightly in December 2011, but the growth rate of future economic activity remains subdued, according to a survey released Wednesday by Westpac Banking Corporation and the Melbourne Institute. The annualized growth rate of the Westpac/Melbourne Institute Leading Index, which indicates the likely pace of economic activity three to nine months

Australian Reserve Bank leaves cash rate unchanged-2012

Sydney: The Reserve Bank of Australia (RBA) announced Tuesday its decision to leave the cash rate unchanged at 4.25 per cent following its February board meeting. The decision surprised the market as economists expected a quarter of a percentage point rate cut, reported Xinhua. RBA Governor Glenn Stevens said in a statement that the acute

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