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Home | Australia cuts rates to 3.25% |
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Australia cuts rates to 3.25%
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- October 02, 2012
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The Reserve Bank of Australia has decided to decrease the nation’s interest rate by 25 basis points, cutting it to 3.25%. In a statement Governor Glenn Stevens explained that estimates of global GDP had declined in recent months, as the European economies continue to contract. Growth in the US remains modest, and Chinese growth has [...]
- Read more at:http://www.bankingtimes.co.uk/2012/10/02/australia-cuts-rates-to-3-25/
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