australias reserve bank cuts interest rates to 175
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Australia's reserve Bank cuts interest rates to 1.75%

Arab Today, arab today

Arab Today, arab today Australia's reserve Bank cuts interest rates to 1.75%

Australia's reserve Bank cuts interest rates to 1.75%
Sydney - QNA

The Reserve Bank of Australia cut the official cash rate Tuesday by 25 basis points to a historic low of 1.75%.

    It is the first cut in interest rates for 12 months and comes after inflation fell below the bank's preferred level of between 2% and 3%.

    In a statement, the bank's governor Glenn Stevens said uncertainty about the global economic outlook continued, according to the (dpa). "In Australia, the available information suggests that the economy is continuing to rebalance following the mining investment boom," Stevens said. 

    Prospects for sustainable growth in the economy would be improved with a stimulus for borrowing at this time, he 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*

australias reserve bank cuts interest rates to 175 australias reserve bank cuts interest rates to 175

 



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*

australias reserve bank cuts interest rates to 175 australias reserve bank cuts interest rates to 175

 



GMT 10:52 2017 Wednesday ,18 January

Clocks 'failed' onboard Europe's navigation satellites

GMT 23:15 2017 Sunday ,17 December

Mohamed bin Zayed receives President of Montenegro

GMT 11:54 2017 Sunday ,12 November

Nawaz Sharif holds meeting at Jati Umra

GMT 04:54 2017 Saturday ,14 October

Syrians should decide Assad's fate: UN envoy

GMT 00:13 2017 Thursday ,23 November

President expresses grief over martyrdom of Maj. Ishaq

GMT 10:11 2017 Wednesday ,18 October

Venezuela poll results a 'strong message' to US, allies

GMT 13:20 2017 Sunday ,19 February

Actor Bassam Ali rejects works violating ethics

GMT 13:06 2017 Wednesday ,22 February

Super Rugby has plenty to tackle in 2017

GMT 15:03 2017 Saturday ,11 March

Iraqi forces storm Old Mosul from 3 axis

GMT 15:55 2017 Tuesday ,25 July

Morocco’s coach underlines difficulty

GMT 10:49 2016 Saturday ,03 December

Australia's Maxwell fined for 'disrespectful' teammate

GMT 12:58 2017 Sunday ,27 August

Consumers warned against random abattoirs
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

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday