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Tuesday, October 25, 2011

Slowdown in core inflation pressures by cutting interest rates in Australia

Slowdown in core inflation pressures by cutting interest rates in Australia (BW 26) Australia's core inflation fell to the previous quarter, the slowest pace in 14 years, dragged down Australian dollar weaken, market traders bet on Bank of Australia cut interest rates next week, will be resorted to. According to the Australian Bureau of Statistics said in the third quarter average of two core consumer price index growth rate slowed from the previous quarter to 0.3%. Economists estimate that only half of the market, but also a record since the third quarter of 1997, the smallest increase. ...Slowdown in core inflation pressures by cutting interest rates in Australia

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