AUSSIE CEN­TRAL BANK KEEPS IN­TER­EST RATES AT RECORD LOW

The Sun (Malaysia) - - SUNBIZ -

SYD­NEY: Aus­tralia’s cen­tral bank yes­ter­day held in­ter­est rates at a record low of 1.50% and in­di­cated what an­a­lysts called a “wait and see” ap­proach to fu­ture mon­e­tary pol­icy eas­ing de­spite a run of soft in­fla­tion fig­ures. The coun­try is tran­si­tion­ing away from a re­sources in­vest­ment boom that has helped the econ­omy mark a quar­ter of a cen­tury of un­bro­ken growth in the sec­ond quar­ter of this year. But with un­even growth in the labour mar­ket and non-min­ing sec­tors – and a re­cent spate of weak in­fla­tion data – the Re­serve Bank of Aus­tralia has slashed in­ter­est rates twice since May. – AFP

Newspapers in English

Newspapers from Malaysia

© PressReader. All rights reserved.