The Reserve Bank of Australia (RBA) has decided to maintain the cash rate at 0.1 percent and end its bond purchase program on Feb. 10 at the first board meeting of 2022. “As the Board has stated previously, it will not increase the cash rate until actual inflation is sustainably within the 2 to 3…
Australian Cash Rate Remains Unchanged Amid Backdrop of Rising Inflation
February 1, 2022
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Australian Cash Rate Maintained for 12th Month, Bond Yield Target Discontinued
November 2, 2021
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The Reserve Bank of Australia has retained the cash rate at 0.1 percent for the 12th month after its monthly board meeting, despite mounting inflation and rate hikes by the big four banks. The bank has frequently stated that the cash rate will not be raised until inflation is sustainably between 2 to 3 percent,…
RBA Holds Cash Rate at Record Low, But Moves to Taper Monetary Stimulus
The Reserve Bank of Australia (RBA) has decided to hold the cash rate at a record low of 0.1 percent, reiterating its expectation to keep it unchanged until 2024. However, the central bank will scale back its response to the stronger-than-expected economic recovery. The change means the RBA is tapering off its massive monetary stimulus…
Cash Rate Likely to Remain Unchanged: Reserve Bank
May 31, 2021
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While Australia’s housing market boomed without constraint over the last few months, partly due to record low-interest rates, the cash rate is unlikely to change in Tuesday’s monthly monetary board meeting. The Reserve Bank of Australia’s (RBA) statistics for lending and credit show overall mortgages rose by 0.5 percent in April and 4.4 percent over…
Wages Need to Grow Before Interest Rate Rises: RBA Governor
March 10, 2021
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Wages growth needs to be sustainably above three percent before the Reserve Bank of Australia (RBA) considers raising official interest rates, says RBA governor Philip Lowe. In his speech to The Australian Financial Review’s (AFR) business summit, the governor disagreed with market expectation for a cash rate increase late next year and then again in…
RBA Holds Cash Rates at Historic Low
The Reserve Bank of Australia (RBA) has announced it will keep cash interest rates at the historic low of 0.1 percent in the wake of its first board meeting in 2021 on Feb. 2. RBA governor Philip Lowe said that while the economy is bouncing back more strongly than anticipated, with GDP predicted to return…
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