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Wall Art and Photo Gifts from Agence France-Presse (AFP)
Australia-Economy-Bank-Rates-Vote
Visitors walk near the harbour in Sydney on July 5, 2016.
Australias central bank on July 5 held interest rates steady at an all-time low of 1.75 percent, with uncertainty about the Brexit impact and inflation outlook making it " prudent" to stay on hold. / AFP PHOTO / PETER PARKS
Agence France-Presse (AFP) is a Global news agency delivering fast, accurate, in-depth coverage of the events shaping our world from conflicts to politics, economics, sports, entertainment and the latest breakthroughs in health, science and technology
AFP
Media ID 12340064
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EDITORS COMMENTS
This print captures the vibrant atmosphere near Sydney's iconic harbor on July 5,2016. Visitors can be seen strolling along the waterfront, taking in the breathtaking views and enjoying a leisurely day out. The image signifies not only the natural beauty of Australia but also reflects an important economic moment for the country. On this particular day, Australia's central bank made a significant decision to maintain interest rates at an unprecedented low of 1.75 percent. The central bank's cautious approach was driven by uncertainty surrounding the potential impact of Brexit and concerns about inflation. In light of these factors, it was deemed "prudent" to keep rates unchanged for now. This decision has far-reaching implications as it affects borrowing costs, investment decisions, and overall economic stability. Photographer Peter Parks skillfully captures this pivotal moment through his lens, showcasing both the tranquility of Sydney Harbor and its significance within Australia's economic landscape. The composition highlights how everyday life intertwines with critical financial decisions that shape our society. As an Agence France-Presse (AFP) photograph, this image serves as a testament to their commitment to capturing newsworthy moments from around the world without any commercial intent or affiliation mentioned here.
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