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News -
Australia
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Written by Reuters
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Tuesday, 04 August 2009 07:21 |
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SYDNEY, Aug 2 (Reuters) - Australian Treasurer Wayne Swan said on Sunday it was "obvious" that interest rates would rise from current historic lows, but he refused to speculate on the likely timing. |
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News -
Australia
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Written by ROHAN SULLIVAN, The Associated Press
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Thursday, 07 May 2009 06:40 |
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SYDNEY (AP) — Australia's jobless rate slipped marginally in April to 5.4 percent, despite widespread predictions of a further rise in unemployment because of the global economic slowdown. |
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News -
Australia
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Written by Michael Kitchen, MarketWatch
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Friday, 20 February 2009 08:53 |
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NEW YORK (MarketWatch) -- Reserve Bank of Australia Gov. Glenn Stevens said Friday that while the central bank has room to cut interest rates further, it is unlikely to cut its policy target to levels near zero. |
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News -
Australia
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Written by Jacob Greber and Tracy Withers, Bloomberg
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Tuesday, 17 February 2009 09:39 |
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Feb. 17 (Bloomberg) -- The Australian central bank’s decision to cut interest rates to a 45-year low and A$42 billion ($27 billion) in government stimulus spending will help stoke economic growth later this year, policy makers said. |
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News -
Australia
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Written by Associated Press
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Tuesday, 03 February 2009 08:14 |
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BaltimoreSun - SYDNEY, Australia (AP) — Australia's central bank has cut its key interest rate by 1 percentage point to 3.25 percent — its lowest level in two decades — as officials try to stave off a recession. |
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News -
Australia
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Written by Business Spectator
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Friday, 06 February 2009 08:20 |
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Business Spectator -The following is a full-text, unedited statement by the Reserve Bank of Australia:
Recent data point to a marked deterioration in world economic conditions in late 2008. Output contracted significantly in the December quarter in the major advanced economies as well as in a number of emerging market economies, and there were unusually sharp falls in international trade and industrial production. |
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News -
Australia
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Written by Asia Pulse
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Thursday, 05 February 2009 08:38 |
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Sydney (ANTARA News/Asia Pulse) - Australia's central bank has slashed the cash rate to a 45 year low, saying the reduction will work in tandem with the government's latest stimulus measures to help cushion Australia from the global economic crisis. |
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