Uncertainty Over Global Recovery

Bank of Australia left interest rates on hold Uncertainty over global economic recovery Sterling is victim of increased risk aversion The Reserve Bank of Australia has left interest rates unchanged at 3%, reassuring the market of its current position in regards to the monetary policy, which involves contributing to sustainable growth and low inflation. Australia outperformed other G10 countries in Q1 as the GDP grew 0.4% q/q. Current trends suggests that the positive tone will continue on Q2.