Australia Central Bank Holds Rates, Trims Growth Outlook

Just to reinforce what I wrote in yesterday's blog the 'lucky country' has trimmed its growth outlook. 


Reuters, Tuesday, 5 Jul 2011


Australia's central bank held interest rates at 4.75 percent on Tuesday and conceded growth at home was unlikely to be as brisk this year as first expected, reinforcing market bets that policy could be on hold for months to come.

For rest of article see here