Australia Holds Rate, World Economy Slightly More Positive
Australia’s central bank kept its benchmark cash rate unchanged at 3.25 percent, defying expectations for a rate cut, and said the impact of previous rate cuts would continue to stimulate activity for some time and the outlook for the global economy was looking a bit more positive. The Reserve Bank of [...]
Australia’s central bank kept its benchmark cash rate unchanged at 3.25 percent, defying expectations for a rate cut, and said the impact of previous rate cuts would continue to stimulate activity for some time and the outlook for the global economy was looking a bit more positive.
The Reserve Bank of Australia (RBA), which has cut rates by 100 basis points this year, also said inflation was “slightly higher than expected” though still consistent with the bank’s … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards