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February 9 Cheap Kris Letang Hoodie
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Interest rates cut before Christmas

Australian were handed an early Christmas present as bank cut interest rates for 2nd month in a row.

But it warned the slowing global economy continued to pose risks.

Despite expectations of strong domestic growth in the third quarter to September, the Reserve Bank of Australia again slashed by 25 basis points to 4.25 percent having cut in November for the first time since April 2009.

Economists were split on whether they would move again ahead of a summit of European leaders this week seen as crucial for the future of the eurozone, but the bank said the inflation outlook "afforded scope for a modest reduction".

"The Board will continue to set policy as needed to foster sustainable growth and low inflation over time Cheap Sidney Crosby Hat ," RBA governor Glenn Stevens said, with rates now at their lowest level since April 2010.

It was the first back-to-back monthly cuts since the depth of the global financial crisis in April 2009 and the dollar sank more than half a US cent to US$1.0188 cents following the announcement.

While the Australian economy remains resilient, Stevens said global growth had moderated, including in China Cheap Jake Guentzel Hat , a major trade partner, with Asia starting to see some effects of a significant slowing in economic activity in Europe.

"Financial markets have experienced considerable turbulence, and financing conditions have become much more difficult, especially in Europe Cheap Phil Kessel Hoodie ," he said.

"This, together with precautionary behaviour by firms and households, means that the likelihood of a further material slowing in global growth has increased.

"Commodity prices have reflected this, declining further over recent months and taking pressure off CPI inflation rates. This has increased the scope for some easing in monetary policy in a number of countries."

Australian growth data for April-September is due for release Wednesday Cheap Patric Hornqvist Hoodie , with economists forecasting the economy expanded between one and 1.3 percent quarter on quarter. Growth in the three months to June was 1.2 percent.

Inflation was running at 0.6 percent in the September quarter.

RBC economist Su-Lin Ong said the decision to cut rates was all about concerns over the impact of the European debt crisis on global growth.

"We think that really, while the Australian economy is in reasonable shape, it s the threats to global growth and the potential spillover to Asia and Australia that is driving today s decision," she said.

Treasurer Wayne Swan said the latest interest rate cut should buoy families and small businesses.

"Today s decision to cut interest rates again will provide Christmas cheer to families and small businesses that is particularly welcome around Christmas Cheap Evgeni Malkin Hoodie ," he said.

Swan added that Australia s economic fundamentals remained strong "but as this decision shows, we are facing turbulent times in the global economy with serious risks arising from Europe".

Retailers had been calling for a rate reduction to help bolster tepid sales heading in the final few weeks of 2011 and Australian National Retailers Association chief executive Margy Osmond welcomed the move.

"Christmas retailing is immediately impacted by changes in the cash rate, people feel more confident to spend and more comfortable with managing their mortgage repayments," she said.

The Reserve Bank has a break in January and does not meet again to consider rates until February.

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Languages Commonly Used In Game Design Computers Articles | February 9 Cheap Kris Letang Hoodie , 2011
Individuals with an interest in game programming and development can look to this article for help regarding game programming languages. This article will first present its views on the use of several languages that are commonly used in the gaming world; the reasons why one would choose to use them, and lastly, discuss the need for video game testing. The article will demonstrate why game design ideas are impossible to implement without the help of languages.
When one is trying to find out what goes on in game design and development, one has to understand the workings of the gaming languages that are involved in game design. Once the role of game codes is understood Cheap Conor Sheary Hoodie , only then can one begin to venture in making games or to look for work as a game developer. Some of the most commonly used Game Programming platforms are Microsoft visual and code warrior, they are also used in most Xbox applications as. Cheap Air Max   Cheap Air Max 90   Cheap Air Max   Cheap Air Max Shoes   Jordan 1 Shoes For Sale   Air Max Outlet   Cheap Jerseys China   Wholesale NFL Jerseys China   Cheap NFL Jerseys China   Cheap Jerseys Wholesale

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