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

Bank of England Keeps Rates at Nearly Zero and Says Could Expand Asset Purchases if Necessary
Thursday, 26 March 2020 19:22 WIB

The Bank of England voted unanimously to keep interest rates at 0.1% and maintain its £200 billion program of buying UK government bond and sterling non-financial investment-grade corporate bond purchases. "Regarding the impact of asset purchases, gilt yields fell significantly following the previ...

The Fed 'is working hard to support you now,' Powell says in rare morning-television interview
Thursday, 26 March 2020 18:47 WIB

Federal Reserve Chairman Jerome Powell in a rare morning-television appearance Thursday, told Americans the central bank "is working hard to support you now." The $2 trillion stimulus package passed by the Senate last night will provide immediate relief to workers affected by the shutdown of the ec...

The Federal Reserve Just Pledged Asset Purchases With No Limit To Support Markets
Monday, 23 March 2020 20:53 WIB

The Federal Reserve said Monday it will launch a barrage of programs aimed at helping markets function more efficiently in the wake of the coronavirus crisis. Among the initiatives is a commitment to continue its asset purchasing program œin the amounts needed to support smooth market functioning...

Fed and Other Top Central Banks Take Steps to Enhance Dollar-Swap Lines
Friday, 20 March 2020 21:28 WIB

The Federal Reserve on Friday announced it was taking steps with five major central banks to enhance the dollar swap lines designed to make dollars available to foreign institutions. In a statement, the Fed said the central banks would undertake daily 7-day maturity operations rather than weekly on...

RBA Offers to Buy $2.9 billion in First Bond Purchase Operation
Friday, 20 March 2020 08:24 WIB

The Reserve Bank of Australia offered to buy as much as A$5 billion ($2.9 billion) of government bonds on Friday, purchasing debt to lower yields now that its exhausted conventional policy ammunition. Australian bonds held gains after the announcement, with three-year yields down 5 basis points to ...

ANOTHER NEWS
Hong Kong Stocks Finish With Gains (review)
Saturday, 28 March 2020 03:16 WIB Hong Kong stocks rose Friday, closing a healthy week on a positive note as investors welcomed a blockbuster US stimulus plan and pledges by the Federal Reserve to ease liquidity concerns. The Hang Seng Index added 0.56 percent, or 131.94 points,...

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.