Get notifications in real-time for staying up to date with content that matters to you.
The RBA’s one per cent December cut was driven by the need to shift monetary policy from neutral to expansionary, minutes released yesterday by the central bank have revealed.
Members of the RBA monetary policy board observed that growth in the international economy had slowed significantly and that “although the Australian economy had been more resilient than other industrial economies, recent data indicated that a significant moderation in demand and activity had been occurring”.
The board judged that the two month break before February’s meeting was “one consideration in favour of a substantial reduction” with the size of the response to date warranting a ”period of assessment” over the summer.
The RBA will next meet in on February 3.
ASIC’s raised industry funding levies reflect higher enforcemen...
Construction and retail trade have fuelled business loan growth i...
The majority of Australian borrowers think applying for a home lo...
Join Australia's most informed brokers
Do you know which lenders are providing brokers and their customers with the best service?
Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!
The number one magazine for mortgage brokers
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
What's the longest time you've been left on hold before getting through to a credit assessor?
