Australia the fed to maintain base rate closure

In the face of the global economic recovery generally, Australia the fed (ReserveBankofAustralia) still firmly take cautious of interest rate policy, promote stable economic growth.

Australian federal reserve monetary policy meeting, released on May 6 minutes, to maintain the benchmark interest rate 2.50%,Class 150lb Welding Neck Flanges ASME B16.5 this also is the benchmark interest rate 8 consecutive be remain at historically low levels. Australia the fed the move is in line with the market consensus.

"Given the current economic outlook, to keep interest rates unchanged over a period of time is still cautious stance. Even if the trend began, the interest rates still remain at current levels will be cautious." Australia said the fed members analysis.

Australia the fed said, continue to maintain the current loose monetary policy is beneficial to promote the sustained growth of demand,ASME B16.9/16.28 Carbon Steel Pipe Elbow 6 Inch helping the economy gradually increases. Inflation over the next two years is still expected to be on target range of 2% ~ 3%. The highs of exchange rate from a year ago, will help to achieve balanced economic growth. But still, compared with history, exchange rate at a higher level.

For Australia's economic conditions, data show that consumer demand is slightly enhanced in summer, housing prices rose sharply in the past year, housing construction, showed signs of steady expansion. Indicators such as business status and confidence was improved over the same period last year, exports are in ascension.In addition,Carbon Steel Heat Conductivity Oil Steel Pipeline Suppliers on the same day also announced Australia march trade figures, for the surplus to a $731 million, the figures for the third consecutive month, minimum surplus amplitude is years, down 42% compared with last month.