- Tuesday, 06 December 2016
- News
RBA left interest rates unchanged
Taking account of the available information, and having eased monetary policy earlier in the year, the Board judged that holding the stance of policy unchanged at this meeting would be consistent with sustainable growth in the economy and achieving the inflation target over time. Inflation remains quite low. The continuing subdued growth in labour costs means that inflation is expected to remain low for some time, before returning to more normal levels.
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- Tuesday, 01 November 2016
- News
RBA kept interest rates unchanged
The Reserve Bank of Australia kept the cash rate at a record low 1.5% as expected on Tuesday with its policy stance unchanged. Taking account of the available information, and having eased monetary policy at its May and August meetings, the Board judged that holding the stance of policy unchanged at this meeting would be consistent with sustainable growth in the economy and achieving the inflation target over time.
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- Tuesday, 18 October 2016
- News
Aussie higher after RBA Meeting Minutes
The RBA meeting minutes released overnight highlighted the bank’s concern for the housing and labour markets whilst also pointing to the significance of the next inflation report. The minutes noted that updated forecasts would be available at the next meeting where the bank is to consider the economic outlook as well as assess past rate cuts. The bank will also review labour and housing market conditions at the next meeting. Referring to the housing and labour markets, the note that there remains considerable uncertainty in both.
Read more...- Tuesday, 04 October 2016
- News
RBA left interest rates unchanged
The Reserve Bank of Australia held the cash rate steady as expected at a record low 1.50%, but cited the strong Australian dollar as a concern, as new Governor Philip Lowe released the first decision of his term. Low interest rates have been supporting domestic demand and the lower exchange rate since 2013 has been helping the traded sector.
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