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The RBA has decided to maintain the official interest rate at the record low of 0.1%. The RBA Governor Stephen Lowe's latest media release emphasises that "financial conditions remain highly accommodative, with lending rates for most borrowers at record lows and asset prices, including housing prices, mostly increasing". Furthermore, the RBA forecasts that Australia's recovery …
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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 is committed to doing what it can to support the creation of …
Continue Reading about Reserve Bank drops interest rate to 0.1 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 remain high, Dr Lowe said employment had increased in June and …
Continue Reading about 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. The decision was widely expected by analysts and economists. Currently, the Australian economy is experiencing a very difficult period, with the biggest contraction since the 1930s. Since March, over 800,000 people have lost jobs, with many more on reduced hours or under …
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The Reserve Bank of Australia has retained the official cash interest rate at its lowest level of 0.25 percent. The decision was widely expected by analysts and economists. RBA Governor Philip Lowe gave a more positive outlook as the country gradually reopens its economy. He pointed out that their fiscal policy would have to have a more important role than the monetary policy which was the …
Continue Reading about Reserve Banks Keeps 0.25 Percent Lowest Level Interest Rate →
The Reserve Bank of Australia has kept on hold the official cash interest rate at its lowest level of 0.25 percent. The decision was unanimously expected by analysts. RBA Governor Philip Lowe said the country continues to face a difficult period and the outlook remains uncertain at this time. He cited the sharp rise in unemployment as many lost their jobs and financial markets have not …
Continue Reading about Reserve Bank Maintains 0.25 Percent Interest Rate →
The Reserve Bank of Australia has decided to keep the latest record level cash interest rate of 0.25 percent. This is in response to the the corona virus pandemic that has been affecting global economies. RBA Governor Philip Lowe said the pandemic remains a major public health issue and many countries are expected to suffer the consequences. Increases in unemployment is just one of them. He …
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The Reserve Bank of Australia has decided to further cut the cash interest rate to its record low of 0.25 percent. This is to help prevent a recession in the country caused by the corona virus pandemic. The RBA revealed the currency has lost 20 percent this year. RBA Governor Philip Lowe said the aim of their decision is to help stabilize the economy and manage monetary and fiscal policies to …
Continue Reading about Reserve Bank Makes Emergency Interest Rate Cuts Amid Corona Pandemic →
