澳洲新闻 (ABC新闻快递) 2012-12-05

 And big four banks haven't revealed whether they'll pass on their interest rate cut in full. The official cash rate is now three percent and it's the lowest it has been since the peak of the financial crisis back in 2008. ING Direct was the first to pass on the cut in full, while the Bank of Queensland lowered its mortgage rate by 20 basis points.

 

 

 

When the national accounts are released later today, they are expected to reveal the economy recorded moderate growth last quarter. Economists¹ are tipping the figures show the GDP grew by 0.6 of one percent in the three months to September. That would take the annual rate of expansion to 3.1 percent.

 

 

 

European finance ministers have failed to reach an agreement on a new way to oversee² banks in the Eurozone. They want to introduce a supervising body led by the European Central Bank, but they are squabbling over just how it will operate. France wants to oversee all registered banks, but Germany says only major ones should be subject to supervision³.

 

 

 

Let's take a look at the markets.

 

 

 

The Dow's closed six points lower. The Nasdaq's down seven. The S&P 500 is down two. And in London, the FTSE fell two points.

 

 

 

To commodity prices.

 

 

 

West Texas Crude is trading at 88 dollars a barrel. Tapis Crude is trading at 115 US dollars a barrel. And gold is worth 1697 US dollars an ounce.

 

 

 

The Australian dollar is buying 105 US cents, 80 Euro cents and 65 pence sterling⁴.

1 economists   

n.经济学家，经济专家( economist的名词复数 )

参考例句：

• The sudden rise in share prices has confounded economists. 股价的突然上涨使经济学家大惑不解。
• Foreign bankers and economists cautiously welcomed the minister's initiative. 外国银行家和经济学家对部长的倡议反应谨慎。 来自《简明英汉词典》

2 oversee   

vt.监督，管理

参考例句：

• Soldiers oversee the food handouts.士兵们看管着救济食品。
• Use a surveyor or architect to oversee and inspect the different stages of the work.请一位房产检视员或建筑师来监督并检查不同阶段的工作。

3 supervision   

n.监督，管理

参考例句：

• The work was done under my supervision.这项工作是在我的监督之下完成的。
• The old man's will was executed under the personal supervision of the lawyer.老人的遗嘱是在律师的亲自监督下执行的。

4 sterling   

adj.英币的(纯粹的，货真价实的)；n.英国货币(英镑)

参考例句：

• Could you tell me the current rate for sterling, please?能否请您告诉我现行英国货币的兑换率？
• Sterling has recently been strong,which will help to abate inflationary pressures.英国货币最近非常坚挺，这有助于减轻通胀压力。