Australia cut interest rates to a fresh record low in response to a weak economic outlook and to discourage further strengthening in the currency. Governor Glenn Stevens and his board lowered the key rate to 2 percent from 2.25 percent, the Reserve Bank of Australia said in a statement Tuesday. The move was predicted by […]
RBA Cites Weak Growth Outlook in Cutting Cash Rate to 2% Read More »
The Reserve Bank of Australia (RBA) decided on Tuesday to lower the cash rate by 25 basis points to a record low 2 per cent, effective 6 May 2015. The decision to reduce rates by 25 basis points was widely expected, even as the economy is showing signs of improvement and as the housing market
As Widely Expected, RBA Lowers Cash Rate 0.25% to Record Low 2% Read More »
Australia’s dollar held its longest losing streak in a month as investors bet the central bank will decide to cut interest rates that are already at a record low. Swaps markets give better than 70 percent odds the Sydney-based Reserve Bank of Australia will lower the cash rate target on Tuesday to 2 percent from
AUD/USD Remains Steady Around 0.7850 as RBA Decision Looms Read More »
Traders and economists are the most united they’ve been this year that central bank Governor Glenn Stevens needs to cut rates Tuesday in the face of a stronger currency. The market is pricing in a better than 75 percent chance borrowing costs will fall to a fresh record of 2 percent and 25 of 29
Resilient AUD/USD is No Friend of RBA Read More »
