RBA maintains cash rate at 3%, GDP growth data to release on Wednesday

Note: This section contains information in English only.
Source: news.com

Before the December's GDP growth data were released by the Australian Bureau of Statistics, the Reserve Bank of Australia made the decision to keep the cash rate at 3%, matching the market expectation, after a cut by 1.25% in 2012. Gross domestic product of the country is expected to rise 0.7% in the Q4 with annually acceleration of 3.1%, the AAP's survey unveiled on Monday.


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