interest rate

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RBA leaves cash rate on hold at 2.0 per cent

At its meeting today, the RBA Board decided to leave the cash rate unchanged at 2.0 per cent.  Statement by Glenn Stevens, Governor: Monetary Policy Decision The global economy is expanding at a moderate pace, but some key commodity prices are much lower than a year ago. This trend appears largely to reflect increased supply, [...]

The RBA has lowered the cash rate by 25 basis points to 2.0%

Statement by Glenn Stevens, Governor: Monetary Policy Decision  At its meeting today, the RBA Board decided to lower the cash rate by 25 basis points to 2.0 per cent, effective 6 May 2015. The global economy is expanding at a moderate pace, but commodity prices have declined over the past year, in some cases sharply. These trends [...]

Is another interest rate cut looming? Senior economists weigh in.

If economists are right in their predictions, the RBA will cut rates by a further quarter of a per cent when it meets again in May. Senior ANZ economist Felicity Emmet sights a number of factors that point to a likely downward shift in rates; "It's looking like more of a line-ball call this month, [...]