Displaying items by tag: rba

Friday, 06 May 2016

News

RBA eases inflation views in policy statement

The Aussie fell in Asia Friday after the Reserve Bank of Australia lowered its inflation views in its Statement of Monetary Policy. "The Reserve Bank of Australia’s new forecast that underlying inflation will remain below the 2-3% target range until the middle of 2018 supports our long-held view that interest rates will be cut again to 1.5% before long," Capital Economics said in a note to clients.

RBA cuts rates to record low

Australia’s central bank cut interest rates to a fresh record low as it moves to counter the emergence of disinflation that’s swept the developed world and limit currency gains that could complicate an economic transition. Reserve Bank of Australia Governor Glenn Stevens and his board lowered the cash rate by 25 basis points to 1.75 percent Tuesday, as predicted by 12 of 27 economists survey.

RBA Edwards said low inflation provides scope for rate cut

RBA board member John Edwards, who told Ticky Fullerton on ABC’s The Business that he thinks the dollar should be lower. Edwards echoed comments made earlier this week in RBA governor Glenn Stevens’ post-board meeting statement that an “appreciating exchange rate could complicate the adjustment under way in the economy”.“I think we’d be better off if the dollar was lower, and quite a bit lower,” Edwards said. Read more...

Friday, 08 April 2016

News

Aussie rebounded in an overnight trade

There were no data releases from Australia this morning with Aussie rebounding in an overnight trade. This week the Reserve Bank of Australia’s governor Glenn Stevens left the nation’s cash rate on hold at 2% stating that the economy was ticking along reasonably thanks to low interest rates supporting demand. The governor also noted regulatory measures constricting home loan lending were moderating growth in the residential housing markets, while overall GDP growth accelerated over 2015 despite the mining slowdown.
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