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Tuesday, 19 July 2016
News

RBA waiting for next inflation reports

Officials at the Reserve Bank of Australia (RBA) are awaiting further information on growth and inflation before deciding whether to adjust monetary policy, the minutes of the July 5 meetings revealed Tuesday. “The Board noted that further information on inflationary pressures, the labour market and housing market activity would be available over the following month and that the staff would provide an update of their forecasts ahead of the August Statement on Monetary Policy,” the official July 5 minutes said. “This information would allow the Board to refine its assessment of the outlook for growth and inflation and to make any adjustment to the stance of policy that may be appropriate.”
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Tuesday, 05 July 2016
News

RBA left interest rates unchanged

Australia’s central bank stood pat on interest rates as it awaits inflation data due later this month to assess its next move. Governor Glenn Stevens left the cash rate at 1.75% on Tuesday, as forecast by every economist surveyed, saying “over the period ahead, further information should allow the board to refine its assessment of the outlook for growth and inflation and to make any adjustment to the stance of policy that may be appropriate.” 
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Tuesday, 07 June 2016
News

RBA left interest rates unchanged

The Reserve Bank of Australia (RBA) left its benchmark cash rate unchanged a month after it unveiled a 25 basis point cut, which took rates to their current record low of 1.75%. Australia's 'Big Four' banks and a Reuters poll of economists had anticipated no action on Tuesday after gross domestic product (GDP) for the January-March period expanded 3.1% on-year. It was the fastest pace of acceleration in three years and placed the world's twelfth-largest economy on track to meet the RBA's growth forecast of 2.5 to 3.5% by year-end. 
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Tuesday, 24 May 2016
News

RBA Stevens said low inflation does not demand knee-jerk reaction

This morning RBA Governor Stevens was speaking at the Trans-Tasman Business Circle boardroom briefing. He said that he suspects there is quite some years of fiscal repair work for the government in the period ahead. It is true that inflation is very low, technically it is below RBA announced target, however medium term inflation targetting is not rigid and does not demand knee-jerk reaction from RBA. 
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