Monday, August 2, 2010

Weak inflation may extend rates pause

I choose this new because it is significant to know how is the economic like in Australia at this time.
The recorded shows the weakest growth months in Australia , might give the Reserve Bank more time space on interest rate rises. The price has risen in bills but the prices for others expenses such as food had failing .The inflation means figure, shows the most variable price movements, also an annual underlying inflation rate of 2.5 percent. Annette Beacher, A senior strategist at TD securities said the Reserve Bank is hardly to move on a rates until inflation pressures appeared as a major problem. She told that we knew with the unemployment rate at 5.1 percent that economic is totally full employed.
Last week's The official headline inflation figures for the June showed the rate rise of 0.6 per cent, and taking the annual headline rate to 3.1 per cent.The Australian Bureau of Statistics showed the inflation prices rose 2.7 per cent in the year to June, not including the most variable movements. However, There are many economists predicted the rate rise at RBA meeting to the offical inflation result last week.They were shocked with the low result of the 23 economists observed by Bloomberg expect the official fund rate to move forward from 4.5 percent during this month.http://www.abc.net.au/news/stories/2010/08/02/2970713.htm

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