The Reserve Bank of Australia has announced an increase in the cash rate target and the rate paid on Exchange Settlement balances by 25 basis points each, bringing them to 3.85% and 3.75%, respectively. This decision comes after the Board held interest rates steady last month to further assess...
Dales said the RBA is almost being held "hostage" by the levels of household debt in Australia, which have the effect of preventing any kind of action by the central bank on interest rates, be it higher, or lower. "On one hand it means they don't really want to cut rates to boost ...
Australia's central bank on Tuesday raised interest rates for a third straight month and flagged more ahead as it struggles to contain surging inflation even at the risk of triggering an economic downturn. Wrapping up its July policy meeting, the Reserve Bank of Australia lifted its cash rate b...
The RBA's news had a significant impact on the first moments of market returns/changes in line with a priori expectations, and the conditional volatility in most of the markets was significantly higher following the news. Asymmetric news effect is also observed for the Australian interest rates ...
SYDNEY, June 4 (Xinhua) -- The Reserve Bank of Australia's (RBA) decision to cut the country's interest rate from 1.5 percent to 1.25 percent on Tuesday came as little surprise to many observers who have been confidently predicting the move for months. ...
SYDNEY -- After dropping interest rates down to historic low levels during the pandemic, the Reserve Bank of Australia (RBA) has lifted interest rates by 0.25 to 0.35 percent, the first rise since 2010, in an effort to calm growing inflation. ...
Source:Reserve Bank of Australia Archived News Items Reserve Bank Leaves Rates on Hold: “The Outlook is Highly Uncertain”May 7, 2024 Reserve Bank Leaves Cash Rate Unchanged at 4.35%, Says “The Outlook Is Highly Uncertain”March 19, 2024 ...
MyState Bank has completed a review of its current interest rates following the Reserve Bank of Australia’s (RBA) first meeting of 2023, where it lifted the official cash rate by 25 basis points, taking it from 3.10 per cent to 3.35 per cent. ...
Post April 1988, an unexpected inflation was regarded as a signal for an impending tight monetary response by the RBA.doi:10.1080/096031096334240Suk-Joong KimUniversity of Sydney, School of EconomicsWorking PapersInflation News in Australia: Its Effects on Exchange Rates and Interest Rates - Kim -...
“As was widely anticipated, the RBA has decided to cut official interest rates over November which will provide more fuel for clearly reviving housing markets. The RBA rate reduced its rate by 0.15% - from 0.25% to a new record low 0.1%, providing more sti...