The Reserve Bank of Australia has kept the official cash rate on hold at two per cent. The central bank made its last cut in May when it slashed 25 basis points off the cash rate and left borrowers with the lowest home loans deal on record. But they failed to budge today and there …
Inflation in Australia remains well below the Reserve Bank’s target but interest rates are not expected to be cut this week. Inflation was 1.5 per cent in the 12 months to June, up from an annual rate of 1.4 per cent in May, according to the TD Securities-Melbourne Institute monthly inflation gauge. However TD rates …
TD Securities-Melbourne Institute: Australian Inflation Rises 1.5% Read More »
Australia needs tougher measures to rein in booming property prices and give the central bank maximum flexibility on interest-rate settings, Pacific Investment Management Co. said. “Households are exhibiting irrational exuberance,” Pimco’s Aaditya Thakur and Laura Ryan said in a research report in Sydney. “They are placing little weight on broader fundamentals like unemployment that may …
Tougher Home Lending Restrictions Urged to Help RBA Read More »
The Reserve Bank will keep a close watch on the economy in the coming months to assess whether more interest rate cuts are needed, as economic growth and business investment remains sluggish. The RBA cut the cash rate to a historic low of two per cent in May, before leaving rates on hold at its …
