Australian Dollar Drops After Reserve Bank Unexpectedly Leaves Rates On Hold
from MoneyTrading.com.au
The Australian dollar dropped after the central bank unexpectedly left rates unchanged, ending a record set of interest-rate increases. Reserve Bank of Australia Governor Glenn Stevens’ decision to keep benchmark borrowing costs unchanged at 3.75 percent wasn’t forecast by any of the 20 economists in a Bloomberg News survey. Australia’s business confidence fell in December to the lowest in six months, a private report showed today, a sign the bank’s previous three straight increases are damping sentiment.
The Australian dollar dropped after the central bank unexpectedly left rates unchanged, ending a record set of interest-rate increases. Reserve Bank of Australia Governor Glenn Stevens’ decision to keep benchmark borrowing costs unchanged at 3.75 percent wasn’t forecast by any of the 20 economists in a Bloomberg News survey. Australia’s business confidence fell in December to the lowest in six months, a private report showed today, a sign the bank’s previous three straight increases are damping sentiment.
posted by Money Trading at
4:00 PM
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home