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  1. Australia Maintains Status Quo at a record low 0.25 percent

    by , 05-05-2020 at 09:19 AM
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    Australia's central bank maintained its interest rate and the target yield on three-year government bonds as economy experiences severe downturn after measures taken to stem the spread of coronavirus, or Covid-19. At the monetary policy meeting on Tuesday, the Reserve Bank of Australia board kept its interest rate at a record low 0.25 percent.

  2. Australia Retains Record Low Interest Rate

    by , 02-04-2020 at 02:07 PM
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    Australia's central bank maintained its interest rate on Tuesday, as policymakers see gradual progress in inflation reaching target and towards full employment. The board of the Reserve Bank of Australia, governed by Philip Lowe, decided to leave the cash rate unchanged at a record 0.75 percent. The central bank had lowered the rate by 25 basis points in October 2019.

  3. Australia Consumer Sentiment Weakest Since mid 2015

    by , 10-09-2019 at 05:00 PM
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    Australia's consumer confidence weakened to the lowest level in more than four years in October despite interest rate reductions, survey results from Westpac showed Wednesday. The Westpac-Melbourne Institute Index of Consumer Sentiment dropped to 92.8 in October from 98.2 in September. This was the lowest score since July 2015.

  4. Australia Construction Index Climbs To 45.6 In March

    by , 04-09-2019 at 04:07 PM
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    The construction sector in Australia continued to contract in March, albeit at a slower rate, the latest survey from the Australian Industry Group revealed on Friday with a Performance of Construction Index score of 45.6.

  5. Australia Has A$4.801 Billion Trade Surplus

    by , 04-03-2019 at 02:13 PM
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    Australia posted a seasonally adjusted merchandise trade surplus of A$4.801 billion in February, the Australian Bureau of Statistics said on Wednesday.

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