The Reserve Bank of Australia (RBA) left open the possibility it might cut interest rates further, minutes from its May 5 meeting showed, triggering a slump in the Australian dollar on Tuesday. In the minutes from the meeting that saw the RBA cut rates to a record low of 2 percent, the central bank acknowledged …
Since the RBA cut the official cash rate back to a record low of 2% last Tuesday, the Australian dollar (AUD/USD) has enjoyed quite a surge higher. The AUD/USD has rallied strongly over the last couple of days from below 0.80 to a new three month high above 0.8150 in recent hours. This is of …
Australia’s central bank trimmed its inflation and growth forecasts on Friday, yet highlighted green shoots in the economy and gave no clear indication that it would cut interest rates again anytime soon. In its 70-page quarterly monetary policy report, the Reserve Bank of Australia (RBA) said weakness in business investment meant the economy would continue …
The Reserve Bank of Australia has lowered its growth and inflation estimates for 2015 and 2016, saying the economy will continue to grow at a subpar rate for a longer than expected period. In its 70-page quarterly monetary policy report, the RBA narrowed its growth forecast for 2015 to 2.5 percent versus 2.25-3.25 percent previously …
AUD/USD Eases Below 0.79 as RBA Lowers Growth Forecasts Read More »
