logo

Economic Update

Floods will have no impact on interest rates

01 Feb 2011
From

Reserve Bank Board meeting

  • The Reserve Bank Board has left the cash rate at 4.75 per cent at its first meeting for 2011. The next meeting is on March 1 2011.
  • The Reserve Bank Board provided a relatively long accompanying statement, paying particular attention to the floods. In short, the RBA says that the floods won’t impact interest rate settings: “The focus of
    monetary policy will remain on medium-term prospects for economic activity and inflation.”

Click here to download this document (pdf)

Tags:                        

Earn CPD Points

  • CPD: A TTR strategy for modern retirement

    We are currently witnessing one of the most significant demographic transformations in Australia’s history. Over the next decade, an estimated 2.5 million Australians are expected to enter retirement[1]. This article, [...]

  • CPD: Trend following in uncertain times

    Trend following strategies aim to generate returns by capturing sustained price movements across a diverse range of asset classes. Unlike traditional investment approaches that rely on valuation or forecasting, trend [...]

  • CPD: Aged care advice and ethics

    Data from the Australian Institute of Health and Welfare (AIHW) shows that Australia’s population aged 65 and over is projected to reach 22% – or 8.8 million people – by [...]

  • CPD: AI governance – a practical framework for advisers

    Regulator scrutiny of AI governance just got serious In years to come, they may well call it the ‘Mythos effect’ – the point in early 2026 where all the concerns [...]

  • CPD: Thinking outside the box – providing a loved one a paycheque for life

    Australia’s great wealth transfer is well underway. An estimated $5.4 trillion is expected to pass from those aged 60 and over to younger generations within the next two decades.[1] In [...]

View more CPD