rba cuts interest rate

RBA keeps interest rate on hold at 0.1%

. As widely expected, RBA Governor Stephen Lowe has confirmed that the cash rate will remain at 0.1%.  He has also stated that the parameters of the Term Funding Facility and the government bond purchasing program will be maintained at current settings. The RBA Governor had some specific statements to make concerning the housing sector:[…]

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[…]