The current interest rate in Australia is 1.5%. It has been that way for 16 months +, as the Australian central bank pursues an accommodative monetary policy to facilitate growth and recovery. Unfortunately, the tough times post global crisis meant that Australian banks and financial institutions were a lot more stringent about who they approved […]
The Reserve Bank today announced a cut of 25 basis points to lower the cash rate to 2.75 percent.
The Reserve Bank of Australia (RBA) announced that the cash rate would remain at 3.0 percent earlier today.
The Reserve Bank of Australia cut the official cash by 25 basis points today, citing slowing economic and credit growth as two of the key drivers behind its decision.
The Reserve Bank of Australia has held the official interest rate for the third consecutive month, citing close to trend growth, inflation and lending rates.
The Reserve Bank of Australia (RBA) has left interest rates unchanged at its monthly meeting today, with Governor Glenn Stevens saying it doesn’t appear the world economy is headed for another deep downturn.
Business and sales expectations have again fallen on the back of interest rate rise fears, according to new Dun & Bradstreet figures, which also revealed Australia’s employment outlook has slipped to an index of -5.
The Reserve Bank of Australia (RBA) left the cash rate unchanged at 4.75 percent during its meeting in Sydney today; citing slow growth of the global economy and continued economic volatility in Europe and the US as drivers behind its decision.
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