Australia cuts rates as growth surges

AUSTRALIA - Australia's central bank has taken out an insurance policy against slower economic growth with a quarter-point interest rate cut, taking rates to a 28-year low.

The decision came hard on the heels of news that the country is - so far at least - bucking the gloomy global trend, with gross domestic product leaping 1.1% between July and September.

For the full year to September, the economy expanded 2.5%, a sharp spurt after a 1.6% gain in the year to June.

But announcing its move to a 4

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account