-
Reserve Bank of Australia Holds Rate Steady, Downgrades 2011 Forecast
Tuesday, July 5, 2011 - 5:52am | 33Read More...The Reserve Bank of Australia board left its key interest rate on hold and trimmed its growth forecast for 2011. The Reserve Bank of Australia board kept its key cash rate at 4.75%, as expected.
-
Corruption Down Under? RBA Holds Rates
Tuesday, June 7, 2011 - 11:44am | 465Read More...The Reserve Bank of Australia decided to hold interest rates at their present levels on Tuesday, Bloomberg reported. The bank's governor, Glenn Stevens, justified the rate halt on declining investment expectations for Australian industries outside of energy and mining. The RBA's position may prove...
-
Banks Doing Well in Australia, Says Reserve Bank
Wednesday, September 29, 2010 - 10:46pm | 139Read More...Bad debt charges at Australian banks have peaked, the Reserve Bank of Australia, said today, and profits are higher despite global financial uncertainty. The nation's four largest banks reported a 15 percent surge in earnings after “fully recouping” higher funding costs caused by the global crisis...
