Australia Holds Rate as RBA Waits for Past Cuts to Flow Through
Tuesday, 3 December 2019 10:56 WIB | FISCAL & MONETARY |Ekonomi Australia

Australia™s central bank kept interest rates unchanged as it waits for three cuts since June to flow through to areas of the economy beyond the property market.

Reserve Bank Governor Philip Lowe and his board kept the cash rate at 0.75% Tuesday, in line with expectations of economists and money markets. He will want to hold onto his remaining conventional ammunition -- estimated at two more cuts -- and monitor the impact of earlier easing and recent government tax rebates.

The RBA™s final meeting of the year sees policy makers no closer to reviving wages growth and sluggish inflation, trends that have bedeviled central banks worldwide. Australia™s economy has decelerated in the past 12 months as households reined in spending and sentiment remains weak despite the increased cash flow from interest rate and tax cuts.

However, the economy keeps ticking over on strong population growth and state government spending on infrastructure as they try to keep pace with swelling cities. Hiring has also remained resilient in the face of slowing growth, though unemployment of 5.3% isn™t low enough to spur the kind of wage gains the RBA wants.

The Australian dollar edged higher to 68.38 U.S. cents at 2:38 p.m. in Sydney, from about 68.20 cents before the decision.

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
Dollar in Demand Ahead of Federal Reserve Pronouncement
Wednesday, 29 January 2020 15:52 WIB The U.S. dollar remained largely the currency of choice in early trading in Europe Wednesday, boosted by signs of a strengthening economy ahead of the latest meeting of the Federal Reserve. At 03:15 ET (0815 GMT), the US Dollar Index Futures,...

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.