Tag Archives: RBA

As expected, the Reserve Bank of Australia (RBA), at its October meeting, decided to maintain the cash rate target at 0.10% and the interest rate on Exchange Settlement balances of 0%; maintain the target of 0.10% for the April 2024 Australian Government bond; continue to purchase government securities at the …

The Reserve Bank of Australia cut the interest rate to 0.10%, in line with expectations from 0.25%. The bank cut its target for a three-year bond yield to 0.1% following the monthly board meeting and indicated its intention to purchase $ 100 billion in long-term government debt.

The Reserve Bank of Australia kept interest rates at 25 basis points, the level it has maintained since March. Reserve Bank of Australia Governor Philip Lowe said the unemployment rate is an important national priority for the board, and hinted at more monetary easing to support the economy and jobs. …

The Reserve Bank of Australia (RBA) Commodity Price Index increased by 1.5% on a monthly basis, after rising by a revised reading of 0.2% in August, according to preliminary estimates released by the Australian central bank on Thursday. The non-rural, rural, and base metals sub-indices all increased in the month. …

The Reserve Bank of Australia (RBA) kept the cash rate at a record low of 0.25%, a widely expected decision. The RBA first cut interest rates to their record low in March, with governor Philip Lowe saying the bank is unlikely to take rates any lower The Australian central bank …

The Australian Dollar (AUD) is showing a strong performance, following the release of the latest Reserve Bank of Australia (RBA) meeting minutes. During the meeting, RBA board members noted that the COVID-19 downturn had not been as severe as earlier expected and a recovery was under way in most of …

The Reserve Bank of Australia (RBA) is not expecting the gross domestic product (GDP) to contract by more than 4% in 2020, before recovering by 6%. “We estimate that activity contracted severely in the June quarter of this year, but began to recover late in the quarter.” The central bank’s …

The Australian Dollar (AUD) is rising across the board against major currencies on Tuesday, as recent remarks by the Governor of the Reserve Bank of Australia (RBA) are supporting the Aussie. RBA Governor Philip Lowe said in his annual speech to the Anika Foundation that Australia has now turned the …