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The Reserve Bank’s December minutes confirm a period of stability for interest rates is set to continue. The board noted1 that some market participants expect rates to fall next year and discussed factors behind those market expectations, but the RBA gave no indication it would change its stands on interest rates. The RBA says the Australian dollar needs to fall further to help lift growth in the Australian economy. Interest rates have been at a record low of 2.5% since August for last year.
The value of crude oil has tumbled to a new 5.5-year low, triggering another sell-off on markets around the world. The Australian share market is following through building on yesterday falls. Right now, the All Ords down 20 points or 0.5%. The ASX 200 Index matching that decline. On Wall Street, the Dow Jones lost 0.6%. The S&P 500 Index shed 0.5% by the end of trade. Looking at commodities now, and Spot Gold is edging a little high in the Asian session. Both Tapis Crude and West Texas Intermedia Crude Oil came down overnight. And the Australian dollar right now holding above 82 US cents.
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1 noted | |
adj.著名的,知名的 | |
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2 risky | |
adj.有风险的,冒险的 | |
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3 inflict | |
vt.(on)把…强加给,使遭受,使承担 | |
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