All Articles tagged with 'RBA'

Reserve Bank Board makes its decision today: Most economists expect no change in interest rates. How low are interest rates? Currently the official cash rate stands at 3.00 per cent – equalling lows set from April-October 2009. But the cash rate is largely at these lows because banks haven’t been in a position to fully [...]

The Reserve Bank Board has left the official cash rate at 3.00 per cent for the fourth straight month. The next RBA Board meeting is on May 7 2013. The Reserve Bank is becoming more confident of stronger investment outside the mining sector: “While the near-term outlook for investment outside the resources sector is relatively [...]

The Reserve Bank Board has left the official cash rate at 3.00 per cent for the third straight month, so both borrowers and depositors have reason to cheer another month of stable rates.  An easing bias remains firmly in place: “The inflation outlook, as assessed at present, would afford scope to ease policy further, should [...]

Minutes of the February Reserve Bank Board meeting suggest Board members were very comfortable to keep interest rates on hold. Reserve Bank Board members discussed the improving global economic conditions with a particular focus on China and the resulting boost in commodity prices. “A wide range of indicators showed that growth in the Chinese economy [...]

  The Reserve Bank may have downgraded growth forecasts over the next year, however the accompanying commentary certainly suggests that Board Members are more comfortable than even just three months ago. The risks to the “global economy appear to be more balanced” while domestically the “significant monetary stimulus already in place, and signs of lower [...]

The Reserve Bank Board has left the official cash rate at 3.00 per cent at its first meeting in 2013. The variable housing rate is applying modest stimulus to the economy at present at 6.45 per cent, well below the 15-year average of 7.20 per cent. The next RBA Board meeting is on March 5 [...]

The latest Reserve Bank Board minutes suggests that the decision to cut interest rates in December was largely due to the softening in labour market conditions and confirmation of the peak in resource investment. The Reserve Bank Board members conceded that the pull back in the mining sector was impacting the broader economy. “Members observed [...]