Homepage |
首页 新闻动态 法律服务 数据服务 项目服务 投资环境 投资服务机构 经济开发区
Macro-Economy | Business Economy | Industrial Economy | Regional Economy

Home >News >Full article
Search
Australia's interest rate held at record low of 1.5 pct for 32nd month
2019/4/2 15:51:50 Source:Xinhua

SYDNEY, April 2 (Xinhua) -- Australia's central bank decided on Tuesday to keep official interest rates on hold at 1.5 percent for the 32nd consecutive month.
The Reserve Bank of Australia's Governor Philip Lowe cited higher levels of public infrastructure spending and an upswing in private investment as offsetting the impact of drought and declining property prices on the economy.
"The low level of interest rates is continuing to support the Australian economy," Lowe said.
"Growth in household consumption is being affected by the protracted period of weakness in real household disposable income and the adjustment in housing markets. The drought in parts of the country has also affected farm output."
"Offsetting these factors, higher levels of spending on public infrastructure and an upswing in private investment are supporting the growth outlook, as is the steady growth in employment," he said.
While Tuesday's outcome was expected by most, many analysts are still predicting an interest rate cut before the end of the year.

Print Collection Close
 Related News More>>
 Site Map | About Us | Services | Links | Statement

Ministry of Commerce of the People's Republic of China Department of Foreign Investment Administration

Operated by Investment Promotion Agency of MOFCOM

Tel:  (86-10) 64404554

Copyright by Invest in China

Fax: (86-10) 64515317

ICP Record No.: Beijing ICP 06041048-4 E-mail: service@fdi.gov.cn