Australia’s central bank remains cautiously optimistic about the outlook for the economy, but has left the door open to cut interest rates further if growth slows. In minutes of its November 3 policy meeting, when policy makers left interest rates unchanged at a record low 2 per cent, the Reserve Bank of Australia said “the …
I appeared on Channel News Asia again this morning at 8:30am SGT from their OCBC Centre studio. My questions and my responses in the form of brief notes are below: Q1. Today’s release of central bank policy meeting minutes, do you see prospect of a rate cut in November? All year we have been discussion …
With no sign of a near-term recovery in non-mining business investment and with our major trading partners at below average growth, the Reserve Bank of Australia is pinning its hopes on stronger employment and consumer spending to maintain its forecast of moderate growth over the coming year. The central bank’s latest forecasts for the Australian …
The Reserve Bank of Australia held its key cash rate at 2 percent, saying that the prospects for an improvement in economic conditions had “firmed a little over recent months.” The central bank said that its board members had observed that the inflation outlook could afford scope for further easing should it be required to …
