RBA cuts interest rates to a fresh record low

As widely anticipated, RBA lowered the cash rate for a second consecutive month today. After the -25 bps cut, the policy rate has reached a fresh record low of 1.00%. At the concluding statement, it.

Australia became the largest developed economy to cut interest. RBA seeks to offset the effects of global trade tensions and a slowdown in China. of Australia on Tuesday cut interest rates to a record low, widening the. economy with measures including a fresh batch of cheap long-term loans for banks.

News Analysis: Australia cuts cash rate to record low, concerns raised. bank has made back-to-back rate cuts, to set a new record low cash rate of just 1.0 percent. The Reserve Bank of Australia (RBA) Governor Philip Lowe said on. the decision to slash interest rates to an all-time low does not paint a.

The RBA meeting may rattle the recent rebound in AUDUSD as the central. to reduce the official cash rate (OCR) to a fresh record-low of 1.00%.. Trading the News: Reserve Bank of Australia (RBA) Interest Rate Decision.

 · The Reserve Bank of Australia cut interest rates to a fresh record low 1% per cent, following 0.25% rate cut in June. It’s the first back to back rate cut since mid-2012.

EUR/USD has broken below 1.1000 and trades at the lowest since 2017. US data was mixed with upbeat spending but weak consumer sentiment. Earlier, euro-zone inflation and German retail sales.

Reserve Bank cuts cash rate, savings loom for borrowers Reserve Bank keeps cash rate on hold but cut is imminent Trent Wiltshire May 7, 2019 The financial markets were predicting a 40 per cent chance of a cash rate cut on the day before the RBA meeting.

 · finance; economy; interest rates; rba cuts cash rate to new record low of 1 per cent. The RBA has cut the official cash rate for the second month in a row to a fresh record low of 1 per cent.

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The Reserve Bank has cut official interest rates by 0.25 percentage points to a new low of 1 per cent. The jobless rate has since ticked back up to 5.2 per cent partly due to record participation.

The Reserve Bank has cut its official interest rate by 0.25 percentage points to a new record low of 1.25 per cent. While it is the first change in the RBA’s policy setting since August 2016, it.

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The Reserve Bank has cut the official interest rate to a record low of 1 per cent.. The key reason the RBA is cutting interest rates is to aim for a lower unemployment rate than previously. Hitting a new unemployment target.

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