At its 6 June meeting, the Reserve Bank of Australia (RBA) cut the cash rate by 0.25 percentage points to 3.50%, in a decision that was largely expected by market analysts. The decision marks the second consecutive interest rate and represents a continuation of the easing cycle started by monetary authorities in November last year. According to the RBA, the Europe remains
Australia Monetary Policy
RBA cuts rates for second consecutive meeting
June 6, 2012
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Australia Monetary Policy Chart
Note: RBA Cash Rate in %.
Source: Reserve Bank of Australia (RBA).
Australia Economic News
October 12, 2016
The Westpac-Melbourne Institute Survey of Consumer Sentiment increased 1.1% in October as the index rose from September’s 101.4 to 102.4.
October 11, 2016
The business confidence index published by the National Australia Bank (NAB) was stable in September at August’s 6 points.
October 5, 2016
Nominal retail sales inched up 0.4% in August from the previous month in seasonally-adjusted terms, up from July’s flat reading.
October 4, 2016
At its 4 October monetary policy meeting, the Reserve Bank of Australia (RBA) kept its policy rate steady at an all-time low of 1.50% after cutting its rate by 25 basis points twice this year, once in May and once in August.
September 15, 2016
The labor market lost 3,900 net new jobs in August compared to the previous month in seasonally-adjusted terms.