By: Emily, Alissa, tori ,Lauren
Leonardo da Vinci 2
he Eastern Highlands region of Australia is the highest part of Australia, being a series of hills, mountains and plateaux. This area is also known as the Great Dividing Range, which is further subdivided into smaller ranges. These ranges include the New England Plateau, the Australian Alps, the Snowy Mountains The Central Lowlands are very dry because rainfall is blocked by the Eastern Highlands. The Simpson Desert, which extends for 170 000 square kilometres (km2), is in the Central Lowlands. This desert is famous for its large red sand dunes which run north-to-south. The Simpson Desert is also famous for its salt pans,Western Plateau is a low, flat area that has been eroded over a period of millions of years. Indicative of this is the Nullarbor Plain, which is found in the southern part of the Western Plateau.
This week the Reserve Bank of Australia (RBA) cut interest rates to a record low of 2.5%. The RBA has now cut Australian interest rates by a total of 2.25% since 2011, and the move comes as a mining boom that undergirded Australian economic growth over the past decade is coming to an end, leaving behind a flagging economy. The RBA's position is that the cuts are "appropriate to encourage sustainable growth in the economy," and "necessary to support demand."