Australia's central bank announced on November 1, due to deteriorating external economic outlook for the economy, while domestic inflation situation has a certain control, cut its benchmark interest rate by 25 basis points to 4.50%. This is the line from the first time since October 2009 to cut benchmark interest rates. The resolution in line with market expectations. ...The RBA cut interest rates more than two years for the first time
Monday, October 31, 2011
The RBA cut interest rates more than two years for the first time
Australia's central bank announced on November 1, due to deteriorating external economic outlook for the economy, while domestic inflation situation has a certain control, cut its benchmark interest rate by 25 basis points to 4.50%. This is the line from the first time since October 2009 to cut benchmark interest rates. The resolution in line with market expectations. ...The RBA cut interest rates more than two years for the first time
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