RBA sets new record for interest rates

The Reserve Bank of Australia (RBA) has held the cash rate at its historic low of 1.5% for the 24th consecutive month. It is the longest period of interest rate stability on record. The Bank's central forecast for the Australian economy also remains unchanged with GDP growth expected to average a little over 3% in [...]

By | 2018-08-07T05:36:19+00:00 August 7th, 2018|Interest Rates, RBA|0 Comments

RBA won’t be pressured into hiking interest rates

Amidst the increases of interest rates in other parts of the globe, Reserve Bank of Australia governor Philip Lowe slammed calls for an interest rate hike and said the bank would not introduce cash rate changes anytime soon. In his opening remarks at the A50 forum in Sydney, Lowe said Australia does not need to [...]

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