Currency Note Worldwide

Interest rate cuts – are they a thing of the past?

By Smart Currency April 22nd, 2015

The Australian central bank released its benchmark rate on Tuesday, at 2.25% against expectations. The Royal Bank of Australia (RBA) wants some time to elapse so it can assess how the earlier rate change affected the economy.

The Bank of Japan are said to be thinking about reducing their inflation outlook for 2015, thanks to the recent low oil prices.

Canadian wholesale sales data showed it had contracted yesterday, as the Canadian dollar continues to struggle against its US counterpart. Comments made by the Bank of Canada’s Poloz advised that that the country could be done with cutting interest rates.

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