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Who follows the Reserve Bank of Australia?

06 February 2015 Konstantin Meinhardt

The Reserve Bank of Australia (RBA) Tuesday cut its interest rate to a new record low of 2.25%, down from 2.50%. The RBA said that the Aussie remains overvalued, despite the recent decline.

Falling commodity prices and a slowdown of the Chinese economy weigh on the Australia's economy. China is Australia's biggest trading partner.

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Market focus

  • Germany: ZEW Indicator of Economic Sentiment rose sharply in March
  • UK unemployment rate unexpectedly dropped to 3.9%
  • UK Brexit secretary Barclay: now in a situation where we need an extension to Brexit
  • Switzerland's trade surplus rose in February

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