-Australia's RBA cuts interest rate.RBA RBA Rare Bird Alert
RBA Reserve Bank of Australia
RBA Run Book Automation
RBA Rochester Business Alliance
RBA Rights-Based Approach
RBA Royal Brunei Airlines (ICAO code)
RBA Relative Byte Address
RBA relative binding affinity cuts interest rate(C)2012 ENPublishing - http://www.enpublishing.co.uk
Global Banking News - 01 May 2012
Australia's central bank has cut its cash-rate target by 50 basis points to 3.75 percent on Tuesday Tuesday: see week. .
The reduction in rates, the first since December, comes amid signs that the economy has slowed sharply in recent months in sectors except the booming mining sector. Inflation has also moderated, enabling the rate reduction.
The Reserve Bank of Australia The Reserve Bank of Australia came into being on 14 January 1960 to operate as Australia's central bank and banknote issuing authority. The bank offers banking services to the Federal Government, and to licensed banks that participate in the payments system. (RBA) is expected to announce its downwardly revised estimates for both economic growth and inflation in a quarterly report on Friday.
[Editorial queries for this story should be sent to firstname.lastname@example.org]
((Distributed via M2 Communications - http://www.m2.com))