rba cuts interest rate

Reserve Bank drops interest rate to 0.1 Percent

  The Reserve Bank of Australia has cut the official cash interest rate to a record low of 0.1 percent. RBA Governor Philip Lowe said the move will help quicken the pace of economic recovery and noted “the Board is prepared to do more if necessary”. “With Australia facing a period of high unemployment, the[…]

Reserve Bank leaves official cash rate on hold at 0.25 Percent

  The Reserve Bank of Australia has retained the official cash interest rate at its lowest level of 0.25 percent. RBA Governor Philip Lowe noted “As difficult as this is, the downturn is not as severe as earlier expected and a recovery is now under way in most of Australia”. Although under employment and unemployment[…]

Official Cash Interest Rate Still at Historic Low of 1.50%

The Reserve Bank of Australia today decided to keep the current official cash interest rate at its historic low level of 1.5 percent. The decision made during the monthly board meeting was widely expected by financial markets. In his monetary policy statement, RBA Governor Philip Lowe cited several factors supporting the strong performance of the[…]

Reserve Bank Keeps Official Cash Interest Rate At 1.50%

The Reserve Bank of Australia today decided to retain the current official cash interest rate at its current 1.5 percent level. The decision was expected by financial markets. In his monetary policy statement, RBA Governor Philip Lowe noted the low interest rates “continue to support the Australian economy” in addition to increased investment in public[…]

Interest Rate Kept On Hold at 2%

The Reserve Bank of Australia has, once again, maintained the cash interest rate at its lowest of two percent. This is the sixth month that the rate has been put on hold. During its monthly meeting earlier today, policy makers noted that inflation outlook may be lower than what’s expected despite an improved economy. RBA[…]

Interest Rate Remains Steady at 2%

The Reserve Bank of Australia made no changes to the official cash rate yesterday. The interest rate remains at its record low of two percent for the fourth month in a row. The move to maintain the current cash rate was widely expected by economists and traders. Many experts were one in saying that the[…]

Interest Rates Put On Hold at 2%

The Reserve Bank of Australia (RBA) has kept the interest rates steady at its record low of two percent. The decision was made in today’s meeting of the bank on monetary policy. This is the third straight month that the rate was maintained at its lowest. RBA Governor Glenn Stevens said that “while the rate[…]