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The Reserve Bank of Australia (RBA) confirmed today, that the official cash rate will continue to remain at 0.1%. In their media release this afternoon, Governor Phillip Lowe, stated that "the Australian economy remains resilient and spending is picking up following the Omicron setback..[but]household and business balance sheets are in generally good shape". In their press release today, the …
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The Reserve Bank of Australia (RBA) confirmed today, that the official cash rate will continue to remain at 0.1%. In their media release this afternoon, Governor Phillip Lowe, stated that "the global economy is continuing to recover from the pandemic..[and]..the war in Ukraine is a major new source of uncertainty". The RBA also acknowledged that inflation had picked up more quickly than …
Continue Reading about RBA announce interest rates steady at 0.1% →
Despite inflation rising faster than expected, the Reserve Bank of Australia (RBA) confirmed today, that the official cash rate will remain on hold at 0.1%. At its first meeting for the year, the RBA confirmed that the cash rate will not be increased until inflation is sustainably within the 2 to 3 per cent target range, the labour market improves and wages increase. The RBA has …
The RBA met for the final time for 2021 on Tuesday 7th December and announced that interest rates will remain on hold at 0.1%. Interest rates remain at a record low for the 13th consecutive month. In it's latest Media Release, Board Governor, Phillip Lowe, stated that the decision to keep interest rates at this record low was based on a recovering Australian economy after the setback caused by …
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The RBA has again confirmed that the official cash rate will remain on hold at a record 0.1 per cent. The Australian economy is beginning to recover after the interruption of the Delta outbreak and as various restrictions are eased around the country, we will continue to bounce back quickly. The RBA Board advised that they anticipate a GDP growth of 3 per cent over 2021 and …
Continue Reading about RBA keeps cash rate on hold at 0.1% →
The RBA confirmed today that the official cash rate will remain on hold at a record 0.1%. The Board restated its position on keeping the rate at its current level "until actual inflation is sustainably within the 2 to 3 per cent target range [which the Board expects] will not be met before 2024". RBA Governor Philip Lowe stated that the impact extended COVID-19 lockdowns were having on …
Continue Reading about RBA keeps cash rate on hold at historic 0.1% →
The RBA confirmed today that the official cash rate will remain on hold at a record 0.1%. The Board restated its position on keeping the rate at its current level "until actual inflation is sustainably within the 2 to 3 per cent target range [which the Board expects] will not be met before 2024". RBA Governor Philip Lowe stated that the impact extended COVID-19 lockdowns were having on …
Continue Reading about RBA keeps cash rate on hold at historic 0.1% →
The RBA confirmed today that the official cash rate will remain on hold at 0.1%. The Board restated its position on keeping the rate at its current level "until actual inflation is sustainably within the 2 to 3 per cent target range [which the Board expects] will not be met before 2024". In it's latest Media Release, the Board remarked that "the experience to date has been that once virus …
Continue Reading about RBA keeps cash rate on hold at 0.1% →
The Reserve Bank of Australia today left the current official cash interest rate unchanged at its historic low level of 1.5 percent. An earlier survey showed most respondents predicting the current rate to be kept on hold. In his monetary policy statement earlier, RBA Governor Philip Lowe noted that "global economic expansion is continuing, a number of advanced economies are growing at an …
Continue Reading about Reserve Bank Retains Current Official Interest Rate 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. An earlier survey by Reuters showed 47 out of the 48 economists predicted the rate would remain unchanged. In his monetary policy statement earlier, RBA Governor Philip Lowe noted the strong global and local economies, the growth experienced by several advanced …
Continue Reading about Reserve Bank Keeps Current Official Interest Rate of 1.50% →
