Arab Today, arab today reserve bank of australia keeps cash rate on hold at 25
Last Updated : GMT 04:23:09
Arab Today, arab today
Arab Today, arab today

Reserve Bank of Australia keeps cash rate on hold at 2.5%

Arab Today, arab today

Arab Today, arab today Reserve Bank of Australia keeps cash rate on hold at 2.5%

Sydney - XINHUA

The Reserve Bank of Australia (RBA) decided on Tuesday to leave the cash rate unchanged at 2.5 percent at its December board meeting. The central bank decision to keep its policy rate on hold was widely expected by economists. The RBA's most recent cut came in August when it reduced the rate by 25 basis points. In a statement accompanying the decision, RBA Governor Glenn Stevens said the Australian economy had been growing a bit below trend over the past year, with the jobless rate edging higher. "This is likely to persist in the near term, as the economy adjusts to lower levels of mining investment," he said. "Further ahead, private demand outside the mining sector is expected to increase at a faster pace, though considerable uncertainty surrounds this outlook." Stevens said the Australian dollar is still "uncomfortably high ", despite falling recently. "A lower level of the exchange rate is likely to be needed to achieve balanced growth in the economy," he said. "At today's meeting, the Board judged that the setting of monetary policy remained appropriate." The RBA board will continue to assess the outlook and adjust policy as needed, Stevens said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today reserve bank of australia keeps cash rate on hold at 25 Arab Today, arab today reserve bank of australia keeps cash rate on hold at 25

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today reserve bank of australia keeps cash rate on hold at 25 Arab Today, arab today reserve bank of australia keeps cash rate on hold at 25

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday