Feb
15
RBA Sees Low Rates Aiding Consumer Spending, House Building
ByAustralia’s central bank said record-low interest rates are underpinning consumer spending and house building while a lower currency is improving firms’ competitiveness.
“Members noted that recent domestic data had, on balance, been positive and judged that there were reasonable prospects for growth to increase gradually over the forecast period,” the Reserve Bank of Australia said Tuesday in minutes of its Feb. 2 policy meeting when rates were left unchanged at 2 percent…
RBA Sees Low Rates Aiding Consumer Spending, House Building
