The Reserve Bank of Australia isn’t committed to any course of action on interest rates with Gov. Michele Bullock cautioning that easing policy too quickly may stoke a fresh wave of inflationary pressures.
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Cryptopolitan on MSNReserve Bank of Australia (RBA) cuts interest rates for the first time since 2020The Reserve Bank Board of Australia (RBA) announced they had cut interest rates by 25 basis points to 4.10%. The easing is the first since November 2020, when the central bank cut rates while grappling with the pandemic’s economic slowdown.
The Reserve Bank of Australia on Tuesday cut benchmark interest rates for the first time in over four years, joining ranks with other major global central banks, as softening inflation allows room for easing policy.
Australia's central bank is cautious about cutting rates further given cost pressures in a hot labour market, but it will respond if inflation slows more quickly than expected, senior officials said on Friday.
The RBA cut its cash rate by 25 bps to 4.10%, initiating a new easing cycle amid easing inflation. Click here to read what this means for Australian equities.
Australia's central bank expects underlying inflation to fall faster than previously expected as it downgraded the economic outlook, although a still tight labour market is likely to create some lingering price pressures.
The Reserve Bank of Australia says it will cut its key interest rate by a quarter of a percentage point, as the nation's inflationary pressure continues to ease.
The Reserve Bank of Australia (RBA) is Australia's central bank, deriving its functions and powers from the Reserve Bank Act 1959. Its primary duty is to contribute to currency stability ...
Australia’s central bank delivered its first interest rate cut. But Reserve Bank of Australia Governor Michele Bullock warned it won’t ease as aggressively as markets anticipate. The RBA lowered its cash rate by a quarter-percentage point to 4.
Markets are largely expecting the first 25bp rate cut from the Reserve Bank of Australia (RBA) next week on February 18. We agree, but it'll be a close call. Read more
The Reserve Bank of Australia reduced its interest rate to 4.1%, responding to cooling inflation and maintaining economic stability. The move ends an upward trend and was influenced by a decline in inflation rates and stable employment figures.
Australia’s central bank has reduced its benchmark interest rate for the first time since October 2020 as the nation’s inflation cools.
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