Reserve Bank Australia

RBA Wants To Impose Even Heavier Restraints On Lenders

Australian regulators may be forced to impose even heavier restraints on lenders to prevent the property market from becoming the trigger for a disruptive financial crisis, said Michele Bullock, the Reserve Bank’s assistant governor (financial system). Speaking at a recent business event in Sydney, Bullock said that the RBA was particularly uneasy about the looming…

2016 Rate Cut On The Horizon

The Reserve Bank is tipped to pass up the last opportunity to cut the cash rate in 2015, when the board meets tomorrow, leaving rates steady at 2 per cent.  Despite this, a monthly analysis of key economic indicators shows a rate cut is still on the cards and likely to be in the…

RBA unlikely to raise rates, but Banks probably will

The cash rate is widely expected to hold at the next meeting on Melbourne Cup Day.  Despite market commotion around home loan rate changes, 80 percent of leading economists and experts (or 24 out of 30 surveyed) anticipate the cash rate will hold at 2.0 percent at the Reserve Bank meeting on Tuesday (November 3, 2015), according to…

Experts agree: Rate change is unlikely

The latest Reserve Bank Survey of 31 experts unanimously expect no change to the cash rate. Next year may be different, with 58% of experts predicting a rate rise in 2016. Rise unlikely While experts are united in expecting the official cash rate to hold at 2 percent at the Reserve Bank meeting, they’re divided…

The RBA revises down growth and inflation forecasts

The Reserve Bank of Australia (RBA) released its Statement on Monetary Policy (SOMP) for May 2015 this week. As had been widely expected GDP Growth to December 2015 is now forecast to be lower at 2.5 per cent. Growth to December 2016 has also been revised down to 3.25 per cent from 3.5 per cent. These downward…

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