SUBSCRIBERS
Rate cuts and lower currency supporting growth: RBA
Published Fri, Nov 6, 2015 · 09:50 PM
Sydney
AUSTRALIA'S central bank said interest-rate cuts this year and the currency's depreciation are supporting growth, indicating interest rates are likely to remain on hold.
The inflation forecast was lowered for the year through June 2016, as expected, and growth trimmed by a quarter point at the start and end of the forecast period, in the Reserve Bank of Australia's (RBA) quarterly monetary policy statement released on Friday.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Stormy Daniels details alleged sex with Trump at hush money trial
Indian vote body tells X to remove Modi party video targeting Muslims, opposition
Inflation-hit Argentina has a new top banknote, worth just US$10
Trade between Singapore and Asean was at S$295.6 billion in 2023
One out of every 24 New York City residents is a millionaire
Private credit faces pain from high interest rates, Moody’s says