Reserve Bank of Australia Governor Philip Lowe kept interest rates unchanged, signaling he’s prepared to tolerate weak inflation to avoid further stoking “briskly” rising property prices and household debt. Lowe opted not to react to soft consumer prices growth last quarter and held the cash rate at a record-low 1.5 percent, as predicted by 22 …
Australia’s central bank stood pat on interest rates as it awaits further inflation data and weighs the impact of two cuts in the last four months. In his final meeting, Reserve Bank of Australia Governor Glenn Stevens and his board left the cash rate at 1.5 percent Tuesday, as forecast by all 26 economists surveyed. …
AUD/USD up to 0.7620 as RBA Remains Steady at 1.5% Read More »
RBA Cuts Again The RBA cut the official cash rate again to a record low of 1.5%. Read more … AUD/USD After dropping back below 0.75 within minutes of the RBA cutting rates again on Tuesday, the Australian dollar has since rallied higher to within reach of a three month high above the current resistance …
AUD/USD Meets Resistance Around 0.7650 Again – Market Update Read More »
The Reserve Bank of Australia (RBA) cut its benchmark interest rate by 25 basis points on Tuesday to a fresh record low of 1.50 percent amid signs of slowing economic growth. The move was widely expected, with 36 out of 47 economists surveyed by Reuters expecting a rate cut. “The global economy is continuing to …
AUD/USD Drops to 0.75 as RBA Cuts to Record Low of 1.5% Read More »
