Global Interest Rates

Many thanks to Yr 13 student Alex Rasmussen for this image. Most recently the Reserve Bank of Australia lowered its cash rate by 25 basis points to 2.5 percent. It was the second time this year that the Australian Reserve Bank has reduced its cash rate. The Bank believes that economic growth in Australia will remain below trend in the near term, “…as the economy adjusts to lower levels of mining investment”. United States Federal Reserve Chairman Ben Bernanke said in his Semiannual Monetary Policy Report to the Congress in mid-July, that “…a highly accommodative monetary policy will remain appropriate in the foreseeable future”.

Global Interest rates

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