Interest rates are expected to remain on hold for several months as the Reserve Bank keeps a close eye on a slowing economy, though the next move is still more likely to be a cut. The RBA has left the cash rate at two per cent following May’s quarter of a percentage point cut, and […]
Many Expect RBA to Sit for a While Read More »
Australia left its key interest rate unchanged at a record low and was coy about whether further cuts would be needed to boost growth, sending the currency higher. Central bank Governor Glenn Stevens and his board left the cash rate at 2 percent in Sydney Tuesday, as predicted by traders and economists. “Monetary policy needs
RBA Coy About Future Moves Read More »
Australia’s central bank kept interest rates steady at a record low 2.0 percent, in line with analysts’ expectations, but the Australian dollar still pushed higher. All 24 economists polled by Reuters expect the RBA to be on hold, but eight respondents say interest rates could be reduced to 1.75 percent or lower by December, if
AUD/USD to 0.7650 after RBA Sits at 2% Read More »
Sydney is in the grip of a housing bubble, Australia’s most-senior economic bureaucrat said in one of the strongest warnings yet by a government official. “When you look at the housing price bubble evidence, it’s unequivocally the case in Sydney — unequivocally,” Treasury Secretary John Fraser said in testimony before a parliamentary committee in Canberra
Australia’s Treasury: Sydney ‘Unequivocally’ in a Housing Bubble Read More »
