On Tuesday, as widely expected, the RBA cut the official cash rate by 0.25% down to a record low of 2%. In the day or so since, the Australian markets haven’t exactly been following the script as written by the RBA. Interest rate cut normally equals a rally in equities and fall in currency. The […]
Not Following the RBA’s Script Read More »
Sales of new homes in Australia jumped in March to their highest since early 2010 as falling mortgage rates and the lure of rising house values drove demand. The Housing Industry Association (HIA) said its survey of large volume builders showed sales of new homes rose 4.4 percent in March, from February when they increased
New Homes Sales Climb to 4 Year High Read More »
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 »
