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👤Arthur Greene
🕔December 7, 2016
Australia’s gross domestic product was down a seasonally adjusted 0.5 percent on quarter in the third quarter of 2016, the Australian Bureau of Statistics said on Wednesday.
The third-quarter GDP which fell 0.5 percent q/q, registering the first biggest decline since global financial crises, from up 0.6 percent q/q in the previous quarter.…
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👤Lisa Harris
🕔October 18, 2016
The Australian central bank has expressed that the next data on inflation and employment will be vital to the future of interest rates which will be under review at their next meeting scheduled to hold on the 1st of November, their statement has raised the chances of a policy easing at their next meeting.…
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👤Xinyang
🕔October 3, 2016
News Event
From Trading Economics: The Reserve Bank of Australia left the cash rate unchanged at a record low of 1.5 percent during the meeting held on September 6th, as expected. While saying that low-interest rates have been supporting domestic demand, policymakers judged inflation would remain quite low for some time.…
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👤Isaac Ndegwa
🕔September 6, 2016
In line with the expectations, the Royal Bank of Australia (RBA) has left the interest rates at 1.5%. The RBA chose to maintain its dovish bias for the remainder of the year. The RBA had earlier in May and August eased the monetary policy and chose to leave the rate unchanged as there was no economic change that warranted further easing of the monetary policy.…
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Australia Cuts Interest Rate to Fresh Record Low of 1.5%
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👤Xinyang
🕔August 2, 2016
During the meeting held on August 2nd, the Reserve Bank of Australia decided to lower the cash rate by 25bps to a fresh record low of 1.5%, which will be effective from 3rd August 2016. While highlighting that inflation in Australia to be quite low for some time, policymakers judged prospects for sustainable growth in the economy would be improved by easing monetary policy.…
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