"/>
Australia's interest rate to remain at 1.5 pct
Source: Xinhua   2018-07-03 14:08:46

SYDNEY, July 3 (Xinhua) -- Australia's interest rate will remain on hold at 1.5 percent for the 23rd consecutive month, with the country's central bank citing high debt levels and an easing of housing markets for the decision, following a meeting on Tuesday.

Governor of the Reserve Bank of Australia, Phillip Lowe said that "global economic expansion is continuing," with a number of advanced economies, including China, growing at an "above-trend rate."

"The recent data on the Australian economy continue to be consistent with the Bank's central forecast for GDP growth to average a bit above 3 percent in 2018 and 2019," said Lowe.

He cited positive business conditions, increases in non-mining business investment, and investment in public infrastructure as supporting the Australian economy.

High commodity prices have also provided a boost to the national income recently, he said, however expects this to decline over the next few years.

Lowe stated that by maintaining the current rate, the banks aim was "sustainable growth in the economy and achieving the inflation target over time."

Editor: mmm
Related News
Xinhuanet

Australia's interest rate to remain at 1.5 pct

Source: Xinhua 2018-07-03 14:08:46
[Editor: huaxia]

SYDNEY, July 3 (Xinhua) -- Australia's interest rate will remain on hold at 1.5 percent for the 23rd consecutive month, with the country's central bank citing high debt levels and an easing of housing markets for the decision, following a meeting on Tuesday.

Governor of the Reserve Bank of Australia, Phillip Lowe said that "global economic expansion is continuing," with a number of advanced economies, including China, growing at an "above-trend rate."

"The recent data on the Australian economy continue to be consistent with the Bank's central forecast for GDP growth to average a bit above 3 percent in 2018 and 2019," said Lowe.

He cited positive business conditions, increases in non-mining business investment, and investment in public infrastructure as supporting the Australian economy.

High commodity prices have also provided a boost to the national income recently, he said, however expects this to decline over the next few years.

Lowe stated that by maintaining the current rate, the banks aim was "sustainable growth in the economy and achieving the inflation target over time."

[Editor: huaxia]
010020070750000000000000011100001372984071
国产无码在线观看免费在线,37pao国产成视频,日韩一区二区视频在线,国产国产人免费人成免费视频麻豆
制服丝袜中文字幕国内自拍 | 线观看国产精品视频 | 亚洲成a人片在线免费观看 午夜色福利久久免费 | 真实国产乱子伦在线 | 亚洲日韩精品在线 | 亚洲欧美人成网站在线观看看 |