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...
"It is unusual for the RBA to be hiking when other major central banks are cutting," said Rory Robertson, interest rate strategist at Macquarie. "But that's because our economy is stronger and our inflation pressures more intense. Which, in turn, is thanks to the growing economic power of...
RBA Minutes Suggest Longer Rate Rise DelaySYDNEY: Another interest rate rise is still on the agenda, but its timing has been pushed back, the minutes of the central bank's June 7 monetary policy meeting indicate.The Chronicle (Toowoomba, Australia)...
摘要: Read the full-text online article and more details about "Interest Rates Rise to 4.75%; Horse Race That Stops the Nation Didn't Stop the RBA Increasing Cash Rate" - Sunshine Coast Daily (Maroochydore, Australia), November 6, 2010...
A rise or fall in the Cash Rate Target often also leads to a change in the interest rates for mortgages, loans and savings. It will often also affect the exchange rate of the Australian dollar. Central Banks interest rates and background information ...
Additionally, economists expect producer prices to rise by 0.6% in Q1 after advancing by 0.9% in Q4. Hotter-than-expected producer prices could raise speculation about an RBA interest rate hike. Producers increase prices in a higher-demand environment, passing costs onto consumers. ...
The RBA rate reduced its rate by 0.15% - from 0.25% to a new record low 0.1%, providing more stimulus to a still underperforming economy. Interest rate cuts – if passed on by banks to their customers, are clearly good news for mortgage holders and provid...
"To some extent some in the markets would argue that this is an acknowledgment of the reality that traders have been looking at for some time," McCarthy said. However unlike some, McCarthy is still expecting the rate to rise when the RBA do make their move....
The gain helped the S&P 500 reset its closing record high for a third consecutive session. Eight of the 11 S&P 500 sectors were higher, with energy stocks leading with a 1.3 per cent rise. Australian investors will have their attention on the Reserve Bank cash rate decision at 2.30pm AEST...
Nevertheless, the crucial Australian CPI Monthly Indicator could pressure the RBA into an August interest rate hike. Economists forecast the annual inflation rate to rise from 3.6% to 3.8% in May, moving further from the target range of 2-3%. ...