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 ...
MonthDateRelease Time(GMT)Event February402:30RBA Meeting – Interest Rate Decision March302:30RBA Meeting – Interest Rate Decision April702:30RBA Meeting – Interest Rate Decision May502:30RBA Meeting – Interest Rate Decision June202:30RBA Meeting – Interest Rate Decision ...
cash rate. This is the Australian base rate. Banks pay this interest rate when they take out a loan with a maturity of 1 day from another bank. By buying or selling bonds and other securities issued by the government the RBA can influence the money supply and thus the cash rate target...
Rates Drop despite RBA Hold; Interest Rates at 2.5% for 12th Month - the Longest and Lowest Period of Rate Stability in DecadesHOME loan customers can expect to see more discounting from lenders with the Reserve Bank of Australia maintaining a year-long holding pattern on official interest ...
AT ITS first meeting of 2014, the Reserve Bank of Australia (RBA) decided to leave the cash rate at 2.50% for the sixth consecutive month, the longest period of interest rate stability since 2007.Loan Market director Mark De Martino said the decision to leave rates on hold since August ...
Every month except January, the RBA will hold a meeting to discuss whether the interest rate needs to be raised or cut according to CPI.The RBA is the central bank ofAustralia, so supervision is a part of his function. His main responsibility is to implement proper monetary policy. The ...
So, on the first Tuesday of each month – except January, of course, because Aussies do little in January – the board members meet together to discuss monetary policy. The outcome of that meeting is the announcement of a target cash rate, which is the interest rate that banks end up pa...
Several analysts had expected the rba to commence rate hikes a few months later . 一些分析师曾预计澳大利亚央行几个月后开始加息。 Until a strongly-worded speech by rba governor glenn stevens last month , economists had expected the next rate rise to be next year . 在澳洲央行官员glennstevens上...
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...
The Reserve Bank of Australia has moved to head off fears about deflation, cutting its official cash rate by 25 basis points to a historic low of 1.75 per cent. It is the first change in interest rates since May last year, when rates were cut 25 basis points to 2 per cent. ...