Australia cuts interest rate to record low 1.5%
The Australian economy is transitioning towards non-resources growth
Sydney - AFP
Australia's central bank cut interest rates to a new record low Tuesday in a widely expected decision after a recent run of soft inflation readings.
The 25 basis points cut to 1.5 percent means the Reserve Bank of Australia has slashed rates by 300 basis points since November 2011 to support the economy as it transitions towards non-resources growth after an unprecedented mining investment boom.
"The board judged that prospects for sustainable growth in the economy, with inflation returning to target over time, would be improved by easing monetary policy at this meeting," bank governor Glenn Stevens said in a statement.
- Wednesday ,13 December GMT 05:49 2017 France's Unibail-Rodamco to buy Australia's Westfield mall giant
- Thursday ,16 November GMT 04:02 2017 Pink dollar' boost to Australia economy after gay marriage vote
- Saturday ,11 November GMT 13:21 2017 Sartaj stresses to increase relations with Australia in agriculture, livestock
GMT 05:49 2017 Wednesday ,13 December
France's Unibail-Rodamco to buy Australia's Westfield mall giantGMT 04:02 2017 Thursday ,16 November
Pink dollar' boost to Australia economy after gay marriage voteGMT 13:21 2017 Saturday ,11 November
Sartaj stresses to increase relations with Australia in agriculture, livestockGMT 08:59 2017 Thursday ,06 April
Corporate giants hit with $2.2 bn Australia tax billGMT 13:43 2017 Friday ,31 March
Credit Suisse apparent target of massive tax fraud probe
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 03:25 2017 Thursday ,22 June
Mosul residents fear cold and hunger of winter siege
GMT 11:15 2016 Saturday ,12 November
US-EU TTIP trade deal 'frozen' after Trump vote
GMT 11:32 2016 Friday ,25 March
Saudi film fans revel on 'green carpet'
GMT 05:42 2017 Wednesday ,25 January
Trump urges US automakers to make big push for new plants
GMT 14:02 2018 Thursday ,06 September
Iran’s parliament speaker expects final decision on Idlib to be made at Tehran summitGMT 08:54 2011 Saturday ,13 August
Rania Barghout: Bold and beautiful
GMT 12:23 2017 Thursday ,14 September
Al Barahma calls for solution for Hassima
GMT 19:24 2017 Saturday ,30 September
UN visit to Myanmar's Rakhine state thwarted by 'bad weather'
GMT 20:15 2017 Friday ,03 February
ITC installs 30 Variable Message Signs to improve road safety
GMT 09:25 2017 Sunday ,19 March
Springsteen hails Chuck Berry as greatest rocker of all time
GMT 21:24 2017 Thursday ,21 September
Emirates Development Bank launches housing loan programme
GMT 21:19 2017 Friday ,20 October
Qaddafi family forms legal team to sue Qatari figures
GMT 08:22 2018 Tuesday ,04 December
Houthis ‘still break international law’ despite confidence-building measures
GMT 21:36 2014 Tuesday ,11 February
German war drama shot in Afghanistan premieres in Berlin
GMT 19:36 2015 Thursday ,23 July
Anne Hathaway compliments Amy Schumer in 'Trainwreck'
GMT 14:14 2017 Thursday ,23 March
UAE Vice President Meets Armenian President
GMT 19:49 2017 Tuesday ,26 September
Kuwait totally supports maintaining Iraq's unity, stability
GMT 16:02 2017 Sunday ,06 August
Venezuela's top prosecutor says under 'siege' by military
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor