Latest News

RBA Minutes: Retains Easing Bias

Australia’s central bank indicated it still has scope to ease policy if needed after cutting interest rates two weeks ago, saying slower growth would result in elevated unemployment for longer. The rate reduction reflected signs spending by firms in the resource industry and outside it “would be weaker than expected,” the Reserve Bank of Australia …

RBA Minutes: Retains Easing Bias Read More »

RBA’s Lowe: RBA is Treading a ‘Fine Line’

The Reserve Bank is treading a fine line between stimulating the economy without causing potentially damaging imbalances, a senior central bank official says.  RBA deputy governor Philip Lowe said low interest rates were helping to wean Australia off dependence on the mining investment boom by supporting spending.  In time, consumer spending growth and a further …

RBA’s Lowe: RBA is Treading a ‘Fine Line’ Read More »

RBA’s Lowe: We still have room to move on rates

The Reserve Bank of Australia still has scope to lower interest rates further, but is remaining tight lipped about the likelihood of future cuts. “We still have scope to lower interest rates if we need to, that doesn’t mean we’re going to but we have scope to do that,” RBA deputy governor Philip Lowe told …

RBA’s Lowe: We still have room to move on rates Read More »