The Central Bank of Australia pleased with discount rate

Australia has refused to change the discount rate

In brief: The Central Bank of Australia retains the discount rate at 4.5%. Australia does not intend to change the discount rate in the near future.

Economy of Australia is one of the most stable among the developed countries. The financial and banking sector of the Australian economy growing quite steadily in recent months – analysts say.

Recent Australian economic statistics are positive. The Central Bank of Australia kept interest rates unchanged at 4.5% against the reduced level of mortgage lending. Australia was one of the few among the developed countries to show growth in the midst of a global economic crisis. The economic downturn in 0,5% in Australia was seen only in the fourth quarter of 2008.

Ukrainian Globalist
2010-06-01 08:11, Economics.

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