Archive for April, 2015

Reserve Bank leaves interest rates on hold at 2.25pc

The Reserve Bank has left interest rates steady at a record low 2.25 per cent, disappointing many traders who had priced in an April rate cut.

US study: 3 in 4 teens drive, with rates lowest in Hawaii and highest in the Dakotas

Hawaii had the lowest percentage of teen drivers, at 53 per cent. North Dakota and South Dakota had the largest proportions, at about 90 per cent. The teen driving rate in the U.S. was as high as 85 per cent a decade ago but has been declining, earlier research found. The Centers for Disease Control and Prevention study released Thursday found roughly 75 per cent of teens 16 and older are drivers.