RBA Says Further Rate Cut More Likely Than Not in Period Ahead
Tuesday, 18 June 2019 08:44 WIB | FISCAL & MONETARY |RBAEkonomi Australia

Australia's central bank is likely to lower interest rates again to drive increased hiring and boost households' confidence that inflation will return to target.

The Reserve Bank made the comment in minutes of its June 4 policy meeting, released in Sydney Tuesday, when it eased the cash rate to 1.25%, the first reduction in almost three years.

œGiven the amount of spare capacity in the labor market and the economy more broadly, members agreed that it was more likely than not that a further easing in monetary policy would be appropriate in the period ahead, policy makers said. 

œThey also recognized, however, that lower interest rates were not the only policy option available to assist in lowering the rate of unemployment. This line likely referred to RBA chief Philip Lowe's speech following the cut, when he said infrastructure investment and structural reforms could help speed economic growth without the downsides of monetary policy. 

The minutes suggest the central bank is again homing in on inflation, acknowledging it has remained below target for three years and could start to impact household expectations. When he took the helm in 2016, Lowe said RBA officials aren't œinflation nutters and were focused on boosting financial system resilience through better lending standards and deflating asset prices.

Source : Bloomberg

RELATED NEWS

ECB Makes no Monetary Policy Changes, Launches Review of Monetary Policy Strategy
Thursday, 23 January 2020 20:08 WIB

The European Central Bank, as expected, left interest rates unchanged on Thursday and maintained its commitment to purchasing 20 billion euros ($22.8 billion) a month in bonds. The ECB's deposit rate stands at -0.5%, while its main refinancing operations rate holds at 0%. In a statement, the ECB re...

BoE Could Give "Prompt Response" to Signs of Lasting Weakness in UK Economy - Carney
Thursday, 9 January 2020 17:07 WIB

Bank of England Governor Mark Carney said on Thursday there could be a "relatively prompt response" from the central bank if it looked like weakness in the economy will persist. "With the relatively limited space to cut Bank Rate, if evidence builds that the weakness in activity could persist, risk...

Bank of England leaves policy rate unchanged at 0.75% in December as expected
Thursday, 19 December 2019 19:47 WIB

In a widely expected decision, the Bank of England's Monetary Policy Committee held the policy rate unchanged at 0.75% in December. The asset purchase facility remained steady at €435 billion as well. The GBP/USD pair fluctuated sharply with the initial reaction but struggled to make a decisive m...

Lagarde's ECB Keeps Policy Unchanged as Strategy Review Looms
Thursday, 12 December 2019 20:05 WIB

The European Central Bank kept monetary stimulus unchanged at President Christine Lagarde™s first policy meeting, shifting the focus to when she™ll announce her review of the institution™s strategy for safeguarding theeuro-zone economy. The ECB kept its deposit rate at a r...

Federal Reserve signals no rate hikes in 2020, just one in 2021
Thursday, 12 December 2019 02:20 WIB

The Federal Reserve left its benchmark interest rate unchanged and signaled no changes next year after its latest meeting to evaluate the economy. The Fed's so-called dot plot shows no rate hikes in 2020 and just one in 2021. The "current stance of monetary policy is appropriate to support sustaine...

ANOTHER NEWS
Stocks end lower on worries over coronavirus outbreak
Saturday, 25 January 2020 04:19 WIB Stocks ended lower Friday, giving up early gains after authorities confirmed a second U.S. coronavirus case. The Dow Jones Industrial Average fell around 170 points, or 0.6%, to end near 28,990, according to preliminary figures, while the S&P...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.