AUD/USD Eases Below 0.79 as RBA Lowers Growth Forecasts
The Reserve Bank of Australia has lowered its growth and inflation estimates for 2015 and 2016, saying the economy will continue to grow at a subpar rate for a longer than expected period. In its 70-page quarterly monetary policy report, the RBA narrowed its growth forecast for 2015 to 2.5 percent versus 2.25-3.25 percent previously …
AUD/USD Eases Below 0.79 as RBA Lowers Growth Forecasts Read More »