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Last Week’s highlights
Reserve Bank of Australia Keeps Interest Rates Unchanged
The Australian central bank held its monetary policy meeting last week.
As widely expected, the central bank left interest rates unchanged ahead of the federal budget announcement. The RBA left the cash rate at 0.25% while also retaining its expanded term funding facility.
The bank stressed that the national unemployment rate was a main priority for the monetary policy committee. The central bank said that it will consider how additional monetary policy easing could support the jobs.
Speculation is rife that the RBA could cut rates in November.
German Exports Rise in August
Exports in Germany continued to rise in August but at a slower pace. Exports grew by 2.4% in August on a monthly basis. This beat forecasts for a decline to 1.4% for the period.
In July, German exports rose by 4.7%. Imports also rose by 5.8% during the month ending August, up 1.1% previously.
Economists forecast an increase to 1.4% for t...
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