SYDNEY (Reuters) - Australia's top central banker reiterated on Thursday that it was premature to contemplate near-term rate cuts as inflation remained too high, sticking to a hawkish stance even as data showed the economy was struggling to motor on. In a speech in Sydney, Res...
This article forecasts that the Reserve Bank of Australia will further cut its interest rate which as of February 2, 2009 stands at 4.25%. The factors that provide rooms for cuts in interest rate include the decline in consumer prices and the sharp decline in petrol price. Observers expect ...
The Federal Reserve has announced a benchmark interest rate cut by 50 basis points to a new range of 4.75%-5%. Daryl Guppy, former national board member of the Australia China Business Council and Australian representative of the Silk Road International Chamber of Commerce, noted that the Fed'...
FILE PHOTO: A worker is reflected in a wall of the Reserve Bank of Australia (RBA) head office in central Sydney, Australia, March 1, 2016. REUTERS/David Gray/File Photo SYDNEY (Reuters) - The head of Australia's central bank on Tuesday ruled out rate cuts in the near term, saying ...
The most significant weight on the Aussie according to Callow is the expectation that the Reserve Bank of Australia (RBA) will cut interest rates from an already record low, 1.5 percent by the end of the year. With interest rates on hold since August 2016, a speech by RBA Governor, Philip...
The Federal Reserve has announced a benchmark interest rate cut by 50 basis points to a new range of 4.75%-5%. Daryl Guppy, former national board member of the Australia China Business Council and Australian representative of the Silk Road International Chamber of Commerce, noted that the Fed'...
(PMI) by about nine months, as you can see in the chart below. The arrow points to the most likely shift to cuts by nearly all of the 18 advanced central banks over the coming months as the United States, Australia, Norway, South Korea and a few others are likely to join the 11 ...
The Reserve Bank of Australia (RBA) lifted its official cash rate to 0.35% from record low of 0.1% in a bid to contain surging inflation and signalled more tightening to come. Morrison, trailing in polls ahead of a national election to be held on May 21, said...
The governor of Australia’s central bank said today (September 5) that reducing inflation remained its “highest priority” and that any talk of rate cuts was therefore “premature”. Speaking at a fundraising event, Michele Bullock emphasised that prices had stayed above average levels, ...
The surprising labour strength is the reason the National Australia Bank pushed out its call for a rate cut to May from February, warning that there is a real risk that policy rates stay on hold even deeper into 2025. Tapas Strickland, head of market economics at NAB, ...