Reserve Bank interest rate cut a clear sign Australia’s economy is in trouble

In his final public words of 2018, Reserve Bank of Australia governor Philip Lowe made clear where he thought the economy – and interest rates – were headed. The bank had just released fresh.

The Reserve Bank of Australia has cleared a path to an interest-rate cut in June, with minutes the central banks latest board meeting showing members believed deterioration in the job market would.

Treasurer Josh Frydenberg has disputed claims the economy is in trouble following the Reserve Bank’s decision to cut interest rates. The cash rate was dropped by 25 basis points to 1.25 per cent on Tuesday, marking the first cut in nearly three years, with more expected to follow.

Reserve Bank of Australia’s Lowe talks up rate cuts At a speech to the Queensland branch of the Economic Society of Australia, Governor Lowe said the RBA would discuss rate cuts at their next meeting.

CANBERRA, Australia (AP) – Australia’s central bank cut its benchmark interest rate by a quarter of a percentage point on Tuesday to a new record low of 1% in a bid to boost the economy. Australia’s central bank cuts key interest rate 0.25% to 1% | KNSS 98.7/1330

With traders estimating a 77 per cent chance that the Reserve Bank of Australia cuts interest rates today. given April’s increase in the unemployment rate to 5.2 per cent and the country’s.

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The Reserve Bank. point cut to the cash rate follows a 25 basis point cut in June. The key reason the RBA is cutting interest rates is to aim for a lower unemployment rate than previously targeted..

The central bank cut the cash rate to a historically low 1.25 per cent, from 1.5 per cent previously – its first move since August, 2016.

As the Reserve Bank board was debating its historic rate cut yesterday to a record 1 per cent, National Australia Bank chief executive and incoming chairman Phil Chronican was making one thing.

SYDNEY–The Reserve Bank of australia left interest-rates unchanged Tuesday, but appeared more watchful of the economy saying lower unemployment was needed to lift inflation toward its 2-3% target..

The Reserve Bank has cut the official interest rate to a new low of 1%, reflecting continuing concern over the slow economy. Back-to-back Reserve Bank cuts take interest rates to new low of 1%.