- Tuesday, 07 November 2017
- News
RBA left interest rates unchanged
The Reserve Bank of Australia on Tuesday held its benchmark cash rate at 1.50% as expected, signaling it is watching the housing market closely and that a higher Australian dollar is restraining price pressures. RBA governor Philip Lowe said the board expects the current low rate of inflation to gradually lift as economic growth improves. 'Inflation remains low, with both CPI and underlying inflation running a little below two per cent,' he said in a statement on Tuesday. 'In underlying terms, inflation is likely to remain low for some time, reflecting the slow growth in labour costs and increased competitive pressures, especially in retailing.'
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- Tuesday, 03 October 2017
- News
RBA left interest rates unchanged
The Reserve Bank of Australia (RBA) on Tuesday held its cash rate steady at a record low 1.50% as expected and signaled to markets that the economy continues to improve. The low level of interest rates is continuing to support the Australian economy. Taking account of the available information, the Board judged that holding the stance of monetary policy unchanged at this meeting would be consistent with sustainable growth in the economy and achieving the inflation target over time.
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- Monday, 25 September 2017
- News
Aussie little changed in a quiet Monday trade
There were no major data releases from Australia today, with Aussie being traded in a tighter range. An optimistic Reserve Bank of Australia (RBA) drove the Australian Dollar higher early in the week, but prices tumbled by the end of the week in reaction to the Fed’s hawkish tone. The AUD/USD settled at .7959, down 0.0041 or 0.51%.
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- Tuesday, 19 September 2017
- News
Aussie pressured by RBA Meeting Minutes
After the ECB and then the BOC complained about the exchange rate, the RBA followed suit. It seems that everybody except the BOE wants a lower currency. For Australia’s central bank, it is certainly not the first time. While the recent meeting minutes do not shed any surprising new light, they serve to keep the pressure on the Australian dollar.
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