Colosseum a.s. (Colosseum a.s.)
Commodities  |  October 02, 2012 09:37:28

Australia cuts interest rates further



ColosseumReserve Bank of Australia during day again cut interest rates to the lowest level since 2009. Central bankers cut interest rates by 0.25% to 3.25%. Analysts polled by Bloomberg expected a decline, while for the markets it's no big surprise. One of the causes is a lower estimate of the growth in the mining industry, which is one of the key land areas. Governor Glenn Stevens also warned that growth in China slowed and uncertainty is greater than a few months ago. Key commodity prices for Australia are lower than a year ago. Stevens also estimated that the growth rate of the Australian economy in the coming year will be weaker than in previous predictions. and # 160;

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