Central Bank of Australia cut its main rate by 0,25 points to 3,50%. The decision - explains the institute - was taken in the light of the difficult economic conditions in Europe and the slowdown in growth China.
A move in the same direction was already taken last year May 1, when the Reserve Bank of Australia eased monetary policy by 0,50 point to 3,75%.
“Against the background of modest internal growth and an increasingly uncertain international environment – reads a statement from the Central Bank – the inflation prospects allow for a softening of monetary policy”.
