Wednesday, December 5, 2007

No Change in Oz

Australia's Economy Accelerates to 1% on Spending

Gross domestic product, the total of all goods and services produced in Australia, rose 4.3 percent in the three months ended Sept. 30 from a year earlier, today's report showed. Economists had estimated 4.8 percent annual growth. The Reserve Bank of Australia, headed by Governor Glenn Stevens, today kept the benchmark interest rate unchanged at 6.75 percent, citing ``heightened uncertainty about the international outlook'' and rising credit costs.

Posted by stevie dee @ 01:52 AM (388 views)
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