simple is better
-
Misfiring Australian Economy Brings Rate Cut Closer
Australia’s central bank Friday lowered its expectations for growth over the next 18 months, reflecting rising uncertainty about the economic outlook as a decade–long mining investment boom ends. The Reserve Bank of Australia expects the resource-rich economy to grow by 2.5% in 2014, down from a forecast in May of 2.75%. The economy is tipped to grow by between 2.5% to 3.5% in 2015, slower than the 2.75% to 3.75% range forecast in May, the central bank said. What’s surprising about the growth downgrade is that it comes after 12 months with official interest rates set at a record low 2.5%. With that kind of ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Aug 8, 2014 11:14am Aug 8, 2014 11:14am
- kampred
- | Joined Apr 2013 | Status: Member | 61 Comments
- Comment #2
- Quote
- Aug 8, 2014 12:24pm Aug 8, 2014 12:24pm
- TheTopBloke
- | Joined Sep 2007 | Status: Forex God | 1035 Comments
- Comment #3
- Quote
- Aug 8, 2014 1:15pm Aug 8, 2014 1:15pm
- PA is King
- Joined Jun 2013 | Status: Member | 2571 Comments