Australia Leaves Rate On Hold, Says Can Cut If Necessary
Australia’s central bank left its benchmark cash rate steady at 3.0 percent, as expected, saying its accommodative stance was appropriate, but with inflation on target and growth slightly below trend it could cut interest rates if necessary. The Reserve Bank of Australia (RBA), last year’s most aggressive rate cutter among the [...]
Australia’s central bank left its benchmark cash rate steady at 3.0 percent, as expected, saying its accommodative stance was appropriate, but with inflation on target and growth slightly below trend it could cut interest rates if necessary.
The Reserve Bank of Australia (RBA), last year’s most aggressive rate cutter among the world’s developed market central banks, said the full impact of last year’s “significant easing” on economic activity would take further time … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards