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Home | Australia cuts rates to 3.75% |
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Australia cuts rates to 3.75%
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- May 02, 2012
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The Reserve Bank of Australia has announced that it is cutting the nation’s interest rate by 50 basis points to 3.75%. The decision is based on information which suggests that economic conditions have been weaker than forecast, and that inflation has moderated. In a statement Governor Glenn Stevens said that global economic growth had slowed [...]
- Read more at:http://www.bankingtimes.co.uk/2012/05/02/australia-cuts-rates-to-3-75/
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