Australian CB keeps monetary policy unchanged

Note: This section contains information in English only.
Source: Bloomberg
The Reserve Bank of Australia decided to keep the monetary course unchanged, while the benchmark interest rate remained at 2.5% level. As announced, the inflation pressure in the country decreases. At the same time, government spending cuts give the RBA more space to act in the future. Policy makers decreased the main interest rate by 2.25% since 2011 to avoid recession in the country.
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Tue, 06 May 2014 11:32:05 GMT

OECD: World economy to grow slower in 2014

OECD decreased its expectations concerning world economic development this year, pointing on more measures to fight high unemployment. Now, the organization predicts a 3.4% GDP growth in 2014, while the next year it will grow by 3.9%. U.S. economy, in turn, will advance 2.6% and 3.5% in 2014 and 2015, respectively. Eurozone is forecasted to see a 1.2% GDP advance

Tue, 06 May 2014 11:10:04 GMT

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