Friday, 28 January 2022

Tag Archives: Australia central bank

Australia’s central bank cuts interest rates to record low

SYDNEY: Australia’s central bank on Tuesday lowered the cost of borrowing, slashing interest rates for the third time this year amid fears about the flagging domestic economy. The Reserve Bank of Australia announced it had cut rates by another 25 basis points to 0.75 percent, a decision that brings the ...

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Australia central bank calm as house prices skid

SYDNEY: Australia’s top central banker said on Wednesday a downturn in Australia’s once-booming housing market was unlikely to derail the country’s enviable record of 27 years of recession-free expansion and urged banks to ease credit supply. As property prices cool and household consumption slows, the labour market has become particularly ...

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