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Home | Australia holds rates at 3.5% |
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Australia holds rates at 3.5%
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- July 03, 2012
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The Reserve Bank of Australia has decided to leave the nation’s interest rate unchanged at the level of 3.5%. The decision follows two consecutive rate cuts, which saw the rate reduced from 4.25% to 3.5%. In a statement Governor Glenn Stevens said that recent economic indicators pointed to a slowing of growth in China and [...]
- Read more at:http://www.bankingtimes.co.uk/2012/07/03/australia-holds-rates-at-3-5/
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