(MENAFN) A new report revealed showed that Australian business investment is expected to be weak during 2015 promoting Australia's central bank to cut interest rates again, Xinhua reported.
The report predicted the economy was still sluggish and would grow at 2.75 percent in 2015 and the Reserve Bank of Australia (RBA) will hold off cutting interest rates in the short-term.
"We still believe that an interest-rate cut in March is the best policy to support domestic demand and maintain downward pressure on the Australian dollar and this outcome remains our forecast," an economist said.
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