RBA's Lowe Keeps Benchmark Interest Rate at 1.5%

Tuesday, 2 October 2018 11:49 WIB

The following is a reformatted version of a statement published Tuesday on the Reserve Bank of Australia's website, after Governor Philip Lowe and his board kept the overnight cash-rate target at 1.5 percent. At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 percent. The global economic expansion is continuing. A number of advanced economies are growing at an above-trend rate and unemployment rates are low. Growth in China has slowed a little, with the authorities easing policy while continuing to pay close attention to the risks in the financial sector....

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