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Any thing Significant? Low-Growth Challenge: Moody’s (Text) Marie Diron, senior vice president at Moody’s Investors Service, made the following comments after Australian Treasurer Scott Morrison handed down a federal budget that forecasts a A$37.1 billion ($28 billion) deficit in the 12 months through June 2017, wider than he predicted six months ago.

RBA cuts interest rate to new historic low of 1.75 per cent The Reserve Bank of Australia slashed the official interest rate to a new historic low today of 1.75 per cent, with three of the four big banks set to pay it forward.