Category: News

59 Posts Here

Interest Rate News

August 7, 2013/News/0 Comments

At its meeting yesterday, the Board decided to lower the cash rate  by 25 basis points to 2.5 per cent, effective 7 August 2013. In Australia, the economy has been growing a  bit below trend over the past year. This is expected to continue in the near  term as the economy adjusts to…

Read more

Interest Rate News

May 7, 2013/News/0 Comments

At its meeting today, the Board decided to lower the cash rate by 25 basis points to 2.75 per cent, effective 8 May 2013. Growth in Australia was close to trend in 2012 overall, but was a bit below trend in the second half of the year, and this appears to have continued…

Read more

Interest Rate News

April 3, 2013/News/0 Comments

At its meeting yesterday, the Board decided to leave the cash rate unchanged at 3.0 per cent. Growth was close to trend over 2012, led by very large increases in capital spending in the resources sector, while some other sectors experienced weaker conditions. Looking ahead, the peak in resource investment is…

Read more

Interest Rate News

February 6, 2013/News/0 Comments

At the RBA meeting yesterday, the Board decided to leave the cash rate unchanged at 3.0 per cent. In Australia, most indicators available for this meeting suggest that growth was close to trend in 2012, led by very large increases in capital spending in the resources sector, while some other sectors experienced…

Read more

Interest Rate News

December 5, 2012/News/0 Comments

The Reserve Bank has cut the official interest rate yesterday by 25 basis points to 3%, in a move widely anticipated by economists as a cautionary move by the central bank to ward off a struggling economy. The announcement comes after a slew of negative data, including poor job ads…

Read more

Interest Rate News

November 7, 2012/News/0 Comments

Economists have shifted their rate cut expectations to December this year, following a decision from the Reserve BAnk board to keep the cash rate on hold at its meeting yesterday. The RBA said in a statement yesterday that higher than expected consumer price data as well as more positive news…

Read more

Interest Rate News

October 17, 2012/News/0 Comments

Another round of interest rate cuts are looming after the Reserve Bank warned the outlook for growth has weakened as the mining sector slows sharply. The minutes from the RBA’s October board meeting has left the door wide open for further rate cuts – starting on Melbourne Cup Day –…

Read more

Interest Rate News

October 3, 2012/News/0 Comments

The RBA at its meeting held on Tuesday 2nd of October, decided to lower the cash rate by 25 basis points to 3.25 per cent, effective 3 October 2012. In Australia, most indicators available for this meeting suggest that growth has been running close to trend, led by very large…

Read more

Interest Rate News

September 5, 2012/News/0 Comments

“Steady as she goes” says the RBA. The RBA has decided to keep rates on hold at 3.5% for the fourth month in a row. While commodity prices have fallen sharply in recent weeks, the RBA did not see enough economic evidence to warrant a rate cut at this time.…

Read more