The Reserve Bank of Australia (RBA) has chosen to put off a cut in interest rates by another month, keeping borrowing costs steady at a record low of 2.25 percent on Tuesday. Markets had priced in an 80 percent chance of a cut, but analysts were largely divided over whether it would come in April […]
RBA Leaves Cash Rate Unchanged at 2.25% Read More »
April or May? Either way, borrowers may soon get a nice boost to their bank balances with the central bank set to slash interest rates to a new record low. While economists are divided on which month it’ll happen, all 20 surveyed by AAP expect the Reserve Bank to cut the official interest rate from
Little Doubt over RBA Cut by May Read More »
With the Australian dollar trading around the Reserve Bank of Australia’s (RBA) preferred level of $0.75, will the central bank hold off on cutting rates at Tuesday’s meeting? According to Mitul Kotecha, head of FX strategy, Asia-Pacific at Barclays, the RBA is likely to pull the rate cut trigger sooner rather than later given the
AUD/USD Anxiously Above 0.75 Before RBA Decision Read More »
Australia’s economy is struggling as it grapples with the imminent end to its commodities boom, but one industry is flourishing thanks to China: tourism. “As the mining boom enters the final cyclical phase, a rebalancing in favor of the non-mining sector is critical. The declining Australian dollar is facilitating this transition, and one sector that
After Mining, Tourism may be Australia’s Next Best Thing Read More »
