At its 1 May meeting, the Reserve Bank of Australia (RBA) cut the cash rate by 0.50 percentage points to 3.75% from 4.25%, in a decision that was largely expected by market analysts. The move follows on three consecutive meetings in which the RBA kept rates on hold and marks a continuation of the easing cycle started by monetary authorities in November last year. Regarding the economic scenario, the RBA maintained its view that a deep downturn is not occurring, although the world economy will grow
Australia Monetary Policy
RBA delivers widely expected rate cut
May 1, 2012
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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.