The Reserve Bank of Australia will establish representation in China in mid-October.
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The Reserve Bank of Australia has left interest rates unchanged at 4.75 percent.
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The Reserve Bank announced today it would leave the cash rate unchanged at 4.75 percent.
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Currency Market Update from Travelex: As the Consumer Price Index revealed inflation is on the rise in Australia, the AUD is pushing towards $1.10 in value. With the US Reserve Bank announcing no intention of tightening fiscal policy, there is unlikely to be a decline in the value of the Aussie against the Greenback.
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Anthony Gray of Travelex gives an update of where the currency market is at following the recent RBA board meeting.
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The Reserve Bank has announced it will leave the cash rate unchanged at 4.75 percent, based on strong growth in the global economy.
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Reserve Bank Governor Glenn Stevens has warned that while the European debt crisis will not have a severe effect on Australia directly, its indirect influences will need to be monitored. Stevens noted that Europe only accounts for about five percent of Australian exports and “those exports have been declining over the past few years anyway [...]
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The Reserve Bank of Australia (RBA) has increased the cash rate by 25 basis points to 4.25 percent, due to the growing global economy. RBA governor Glenn Stevens indicated that global financial markets are functioning much better than they were a year ago, hence “the extraordinary support from governments and central banks is gradually being [...]
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The Reserve Bank this afternoon announced its decision to keep the cash rate at 3.75 percent. Governor Glenn Stevens said economic conditions have been stronger than expected, and inflation has declined slightly due to lower commodity prices, a rise in the Australian dollar and a period of slower growth in demand. “Inflation is expected to [...]
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The Reserve Bank has raised the cash rate for the third consecutive month. The rise of 25 basis points takes the rate to 3.75 percent, effective from tomorrow. In a statement, RBA governor Glenn Stevens said they decided to raise the rates because the downturn has been “relatively mild, and measures of confidence and business [...]
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