Australia

Australia can survive a possible AAA rating downgrade

Australia came one step closer to losing its triple-A sovereign credit rating when Standard & Poor’s moved its outlook from ‘stable’ to ‘negative’ at the start of July.

Australia’s record low interest rates unlikely to deter foreign investment

On Tuesday the Reserve Bank of Australia (RBA) cut the official interest rate by a quarter of a percent to an all-time record low of 1.50 percent.

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