SYDNEY—Australia cut its benchmark interest rate to a record low of
2.25% Tuesday, joining a procession of central banks that have eased
policy settings this year in response to the deflationary impact of
tumbling oil prices.
The 0.25-percentage-point cut represents a dramatic shift for the Reserve Bank of Australia—which ended 2014 with a message to financial markets that interest-rate stability was likely to feature again in 2015, to help underpin certainty for businesses and support the economy as a mining-investment boom fizzles out.
Read more at Click here / www.trade4x.net
The 0.25-percentage-point cut represents a dramatic shift for the Reserve Bank of Australia—which ended 2014 with a message to financial markets that interest-rate stability was likely to feature again in 2015, to help underpin certainty for businesses and support the economy as a mining-investment boom fizzles out.
Read more at Click here / www.trade4x.net
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