{"id":30057,"date":"2012-06-06T00:06:00","date_gmt":"2012-06-06T04:06:00","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/2012\/06\/australian-central-bank-cuts-rate-25-basis-points-to-3-5-percent\/"},"modified":"2012-06-06T00:06:00","modified_gmt":"2012-06-06T04:06:00","slug":"australian-central-bank-cuts-rate-25-basis-points-to-3-5-percent","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2012\/06\/06\/australian-central-bank-cuts-rate-25-basis-points-to-3-5-percent\/","title":{"rendered":"Australian central bank cuts rate 25 basis points to 3.5 percent"},"content":{"rendered":"<p>By Central Bank News<br \/>\n<span><\/p>\n<h3>  Australian central bank cuts rates a further 25 basis points<\/h3>\n<p><\/span><span><\/p>\n<div>The Reserve Bank of Australia cut its cash rate by 25 basis points to 3.50 percent, citing weaker growth in Europe and a moderation of growth in China, a major export market for Australia. The Australian central bank, which already cut its leading interest rate by 1\/2 a percentage point last month, said the current economic trend was unclear and could be dampened by slower Chinese growth.<\/div>\n<p>  <\/span><span>&quot;Europe&#39;s economic and financial prospects have again been clouded by weakening growth, heightened political uncertainty and concerns about fiscal sustainability and the strength of some banks,&quot; the bank said in a statement from its governor, Glenn Stevens. He added that domestic growth was modest and the outlook for inflation made it possible to ease monetary policy.<\/span><\/p>\n<div>  <span>The rate cut takes effect on June 6, 2012.<\/span><\/div>\n<div><span><br \/><\/span><\/p>\n<div>\n<div>\n<div><span><br \/>  <\/span><\/div>\n<div>\n<div><\/div>\n<\/p><\/div>\n<div><a href=\"http:\/\/www.blogger.com\/blogger.g?blogID=8290544642025682538\" name=\"13742e7175ab1508_more\"><\/a>  <\/p>\n<div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" src=\"https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-980232632802429250?l=www.centralbanknews.info\" alt=\"\" \/><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Central Bank News Australian central bank cuts rates a further 25 basis points The Reserve Bank of Australia cut its cash rate by 25 basis points to 3.50 percent, citing weaker growth in Europe and a moderation of growth in China, a major export market for Australia. The Australian central bank, which already cut &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2012\/06\/06\/australian-central-bank-cuts-rate-25-basis-points-to-3-5-percent\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Australian central bank cuts rate 25 basis points to 3.5 percent&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-30057","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/30057","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=30057"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/30057\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=30057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=30057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=30057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}