
Australia's central bank on Tuesday lowered the official cash rate by 25 basis points to a new record low of 2.25 percent, making its first cut in 18 months in an attempt to spur the economy.
"At today's meeting, taking into account the flow of recent information and updated forecasts, the board judged that, on balance, a further reduction in the cash rate was appropriate," Reserve Bank of Australia governor Glenn Stevens said.
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Trade turnover between Russia and Japan grows by over 17% in 2018Maintained and developed by Arabs Today Group SAL.
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Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
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