Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Weak economic prospects prompted ?expansionary? rate setting: RBA

Staff Reporter 1 minute read

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.

 

Weak economic prospects prompted ?expansionary? rate setting: RBA
default
TheAdviser logo
default

 

more from the adviser
handshake Former RAMS CEO to head up BOQ retail bank

Westpac’s current chief digital and marketing officer and forme...

AFG office Aggregator reveals record-breaking lodgements

Australian Finance Group has revealed its brokers lodged more loa...

online education tools ta iSelect launches SME loans in Valiant partnership

Comparison website iSelect launched a new business loan offering ...

FROM THE WEB