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Thursday, 05 November 2015
News

RBA ready to cut rates if neccessary

Aussie was initially pushed lower this morning after Australia’s central bank Governor Glenn Stevens said accommodative monetary policy is likely to be appropriate “for some time yet”, while adding the macroeconomic impact of recent mortgage rate increases by major banks “may not be large.” “It seems likely that an accommodative stance will be appropriate for some time yet,” Stevens said in the address Thursday. 
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Tuesday, 03 November 2015
News

Aussie higher after RBA keeps rates steady

At today's meeting Reserve Bank of Australia held interest rates steady at a record low 2% in what analysts said was likely a close decision. A slim majority of analysts expected the RBA to leave the cash rate unchanged at 2.0% with the market pricing in a 44% chance of a 25 basis points cut.
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Tuesday, 06 October 2015
News

RBA left interest rates unchanged

Australia's central bank left interest rates unchanged on Tuesday for a fifth straight month in a widely expected 
move and offered no clues to indicate it may change its steady stance any time soon. The Reserve Bank of Australia (RBA) kept the cash rate at a record low 2.0 percent, where it has been since the last cut in May. In a brief statement that was almost identical to the September note, the RBA reiterated that it would look to upcoming data to judge if the current policy setting needed to be adjusted. 
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Friday, 18 September 2015
News

RBA Governor Stevens not concerned with slide in AUD

Reserve Bank governor Glenn Stevens is expecting an increase in the US interest rates "by Christmas". Addressing the Australian parliament's economics committee in Canberra, Mr Stevens said he "was not especially concerned" by the prospect. Mr Stevens said the Fed's Federal Open Market Committee has two more meetings this year and that he thought an increase in the funds rate was "probably going to happen before Christmas".
 
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