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The Reserve Bank has again set record-low interests rate that's likely to be native for some time to boost the economy. In its quarterly statement on monetary1 policy, the RBA highlighted risks to a pick-up in growth, including a likely sharp decline in mining investment and a tightening2 in government finances. So it indicates rates could stay at 2.5 percent for a very long time to come.
To company news.
And the head of News Corp says the Australian newspaper market continues to be challenging. The US-based company's third-quarter update shows the Australian newspaper revenues declined 21 percent, dragged down by a lower Australian dollar. The company, as a whole, reported a five percent slide in revenue. So the Australian share market is trading lower midway through the session. The All Ordinaries Index is down 0.4 percent, as is the ASX 200 Index.
There was a mixed finish on Wall Street as investors3 digested the improvement in retail4 sales and a rally in the technology sector5 fizzled. There was a rebound6 on European markets thanks to moves by the ECB to keep interest rates steady. London's FTSE 100 adding 0.6 percent.
And the Australian dollar is dipping a little against the greenback to 93.5 U.S. cents.
点击收听单词发音
1 monetary | |
adj.货币的,钱的;通货的;金融的;财政的 | |
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2 tightening | |
上紧,固定,紧密 | |
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3 investors | |
n.投资者,出资者( investor的名词复数 ) | |
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4 retail | |
v./n.零售;adv.以零售价格 | |
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5 sector | |
n.部门,部分;防御地段,防区;扇形 | |
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6 rebound | |
v.弹回;n.弹回,跳回 | |
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