RBA Cuts GDP, Inflation Outlook on Weak Investment, High Aussie

RBA Cuts GDP, Inflation Outlook on Weak Investment, High Aussie

Brendon Thorne/Bloomberg

The Reserve Bank of Australia, seen here, said today they probably ended 2012 about 17 percent below their peak. The economy benefited from a rebound in the price of iron ore, that has surged from a three-year low reached in September.