The Reserve Bank of Australia (RBA) revealed on Tuesday it decided to trim its key rates by 25 basis points, marking the bank's first cut since 2020.The central bank's targets for the cash rate and the interest rate on Exchange Settlement balances have thus been lowered from 4.35% and 4.25% to...
The Reserve Bank of Australia's (RBA) board members affirmed that monetary policy must be "sufficiently restrictive" until they can be confident that inflation is moving toward the target, meeting minutes showed.
The members noted that upside inflation risks diminished since the last meeting,...
Reserve Bank of Australia (RBA) Governor Michele Bullock said on Thursday that monetary policy will need to remain restrictive until the RBA is confident inflation is falling sustainably within the 2% to 3% target range. She warned that there is still "some way to go" and that inflation is likely to...
The Reserve Bank of Australia (RBA) saw "no immediate need" to change its cash rate target at its November meeting, the Minutes of the meeting revealed on Tuesday.The RBA's board members noted that it's important to keep monetary policy sufficiently restrictive until they are confident that...
Reserve Bank of Australia (RBA) Governor Michele Bullock defended on Thursday the latest bank decision to keep interest rates unchanged, stressing that it is still too early to see cuts in the country's monetary policy."It is premature to be thinking about rate cuts. Circumstances may change, of...
Reserve Bank of Australia (RBA) Governor Michele Bullock said on Friday that underlying inflation, "remains too high," noting that, even though there has been some progress on inflation, it has been "very slow."
Speaking before the House of Representatives Standing Committee on Economics in...
Reserve Bank of Australia (RBA) Governor Michele Bullock said on Thursday that the bank "won't hesitate" to hike interest rates if needed, seeing as how "the alternative of persistently high inflation hurts everyone."
Speaking from Armidale, New South Wales, Bullock stated that the bank's board...
The Reserve Bank of Australia (RBA) revealed on Tuesday it decided against changing its monetary policy setting in August.
The central bank's targets for the cash rate and the interest rate on Exchange Settlement balances will remain at 4.35% and 4.25%, respectively. The decision aligned with...
The Reserve Bank of Australia (RBA) judged that the case for holding rates steady is stronger than for hiking them, the bank's June meeting minutes revealed on Tuesday.The decision to hold the rates steady stemmed from the view that "the economy was still broadly tracking on a path consistent...
Reserve Bank of Australia Assistant Governor Christopher Kent underscored the necessity of vigilance towards potential inflation risks in light of recent economic data, refraining from ruling out adjustments to interest rates.
Kent pointed out that current monetary policies are contributing to subdued...
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