четверг, 1 марта 2012 г.

FED:Swan won't predict future rate cuts


AAP General News (Australia)
12-20-2011
FED:Swan won't predict future rate cuts

Treasurer WAYNE SWAN says twin rate cuts were a great way to end the year, but he's
declined to say if he thinks the Reserve Bank's minutes, released today, indicate further
rate cuts next year.

Mr SWAN says the RBA minutes will be interpreted in various ways by people who read
them and he has again highlighted the strong position of the Australian economy.

In the statement, the RBA says the growing turbulence in the eurozone and the flow-on
effects on world markets - was the dominating factor in the decision to cut rates for
the second month in a row in December.

It also says it expects global growth to stall in the coming year.

AAP RTV klc/sw

KEYWORD: RATES (CANBERRA)

� 2011 AAP Information Services Pty Limited (AAP) or its Licensors.

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