Aussie consumer confidence is at its lowest in seven months but consumers are still feeling reasonably optimistic, thanks to loose monetary policy and buoyant house prices. That’s the message from the latest ANZ Roy Morgan weekly consumer confidence index, as measured on April 5, which reported a result of 109.7. The result was the lowest …
Australian Consumer Confidence at Lowest in Seven Months Read More »
The Reserve Bank has once again defied expectations by avoiding another interest rate cut, but economists insist the razor is being sharpened for just the right moment. The official interest rate was kept unchanged at a record low 2.25 per cent for a second straight month, though the RBA indicated another cut remains on the …
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 …
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 …
