At its meeting today, the Board decided to leave the cash rate unchanged at 2.5 per cent.
Growth in the global economy is continuing at a moderate pace, helped by firmer conditions in the advanced countries. China’s growth slowed a little earlier in the year but remains generally in line with policymakers’ objectives. Commodity prices […]
International Economic Conditions
Global economic and financial market developments had been somewhat more positive over the past month or so. Whereas the situation had been looking quite negative in early December, recent actions by the European Central Bank and euro-area governments had boosted confidence, although further measures would be required to bring about a comprehensive […]
Statement by Glenn Stevens, Governor: Monetary Policy Decision
At its meeting today, the Board decided to leave the cash rate unchanged at 4.25 per cent.
Information becoming available since the December meeting confirms that economic conditions in Europe were weakening late last year, with risks still skewed to the downside. Reflecting this, most forecasters have […]
According to the latest report released by the Australian Bureau of Statistics, retail sales declined in December, the first drop in six months, as consumers spent less at grocers and on dining out. Reserve Bank of Australia’s board meets tomorrow to decide on rates, and most economists predict a third straight reduction. A survey of […]
The currency market is still very sensible to the news from the eurozone. The situation in Greece raised concerns as the country moves closer to the possibility of a chaotic default and the market pulled back, but it is not impacting the market as much as before. Yesterday we saw better than expected eurozone flash […]
Australia’s central bank decided on a modest easing of monetary policy after weighing slower inflation and increased global risks against surging mining investment, the minutes (Nov. 1 policy meeting) showed.
Minutes of the Monetary Policy Meeting of the Reserve Bank Board
Developments in Europe were again the dominant […]
Uncertainty About the Future of the Eurozone
Today during the Asian session the euro is steady after suffering its biggest daily drop in 15 months. Yesterday EUR/USD fell sharply after soaring Italian borrowing costs stoked fears the debt crisis in the eurozone’s third biggest economy will overwhelm its financial defenses, raising the risk […]
RBA Reduced The Official Cash Rate From 4.75% to 4.5%
The latest report released by the China Federation of Logistics and Purchasing showed that the Purchasing Managers’ Index fell to 50.4 in October from 51.2 in September. This is the lowest level since February 2009. Economists think that the reading is a reflection […]
AUD Gains After Surprise Fall in Unemployment Rate
EUR/USD o rallied yesterday to 1.3830 on hopes Slovakia would eventually approve an expansion of the euro zone rescue fund critical to containing the region’s debt crisis. A day after a junior party blocked its passage, Slovakian lawmakers struck a deal to ratify a plan […]
RBA Keeps The Interest Rates Unchanged
Finance ministers from the 17 countries in the eurozone are due to meet in Luxembourg today, but they are not expected to make a decision on Greece’s next aid package until the troika has completed its latest report on the debt plagued country. The decision on the […]