The Reserve Bank is treading a fine line between stimulating the economy without causing potentially damaging imbalances, a senior central bank official says. RBA deputy governor Philip Lowe said low interest rates were helping to wean Australia off dependence on the mining investment boom by supporting spending. In time, consumer spending growth and a further […]
RBA’s Lowe: RBA is Treading a ‘Fine Line’ Read More »
The Reserve Bank of Australia still has scope to lower interest rates further, but is remaining tight lipped about the likelihood of future cuts. “We still have scope to lower interest rates if we need to, that doesn’t mean we’re going to but we have scope to do that,” RBA deputy governor Philip Lowe told
RBA’s Lowe: We still have room to move on rates Read More »
Since the RBA cut the official cash rate back to a record low of 2% last Tuesday, the Australian dollar (AUD/USD) has enjoyed quite a surge higher. The AUD/USD has rallied strongly over the last couple of days from below 0.80 to a new three month high above 0.8150 in recent hours. This is of
RBA Won’t Be Happy with the AUD/USD Read More »
Australian Treasurer Joe Hockey is optimistic his second budget will restore confidence through tax cuts and a path back to surplus. Business groups aren’t so sure and say the central bank will need to keep an easing bias. Small businesses will gain a 1.5 percentage point tax cut and can instantly claim a deduction for
Business Groups: Onus Back on RBA after Federal Budget Read More »
