Wednesday, December 5, 2007
No Change in Oz
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.