Arab Today, arab today australias central bank to freeze interest rate
Last Updated : GMT 18:19:32
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Australia's central bank to freeze interest rate

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Arab Today, arab today Australia's central bank to freeze interest rate

Reserve Bank of Australia (RBA)
Sydney - XINHUA

The Commonwealth Bank of Australia ( CBA) predicted on Thursday that the Reserve Bank of Australia (RBA) will keep interest rates at a record low of 2.5 percent through 2015.
The Australia's biggest bank said it is now quite likely that the RBA will keep interest rates at record lows as the Australian dollar and oil prices keep falling.
However the bank tipped the RBA would raise interest rates in 2016.
The cash rate has remained at 2.5 percent from 2014, the lowest calendar year average since 1959.

 

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