Saturday, January 1, 2011
"Maintenance of stability" under the banner of Australia and Canada to keep interest rates unchanged.
<P> Reserve Bank of Australia interest rates unchanged </ P> <P> Federal Reserve Bank of Australia (RBA) announced after the 7th meeting, the benchmark interest rates unchanged at 4.75%. .</ P> <P> Bank of Australia governor Stevens said in a statement, part of the Australian economy, the mining areas did not benefit from the boom still seems weak, so the central bank left its benchmark interest rate unchanged .because "the current level of interest rates to meet future requirements of economic development." .</ P> <P> He said the central bank noted that the inflation rate remained stable over the past few quarters, so no need for further rate hikes. .Australia recently announced third-quarter GDP growth slower than expected, while retail data also depressed in October, also makes the central bank decided not to raise interest rates. .</ P> <P> Australia's central bank also pointed out that there are still many factors that could cause future interest rates, such as changing terms of trade, commodity prices and wage increases and so on. .</ P> <P> Australia's central bank meeting on interest rates next year for the first time will be held in early February. .Some economic analysts have pointed out that if the normal economic development, when the Australian central bank interest rates will be upwards of 5%. .</ P> <P> plus 1% of the central bank to keep rates unchanged </ P> <P> Bank of Canada announced late 7th to maintain 1% of the overnight lending rate unchanged. .Bank of Canada officials said the global economic recovery, increased risk, the current momentum of economic recovery in Canada lower than expected in October this year, the central bank, the Canadian dollar's continued strength could hinder the recovery of the Canadian economy. .</ P>.
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