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.

RBA “comfortable” with cash rate

Staff Reporter 1 minute read

Staff Reporter

The industry may see interest rates on hold for some time if the Reserve Bank’s August meeting minutes are anything to go by.

The Reserve Bank Board left the official cash rate on hold at 4.5 per cent this month with the release of the meeting minutes yesterday revealing the board’s comfort with the existing stance of monetary policy.

Interest rates on loans to households and businesses had returned to around average levels in May and developments over June and July had not materially changed the board’s assessment, the RBA minutes said.

Conditions in the international economy remained uncertain, the Board added, even more than earlier in the year.

“In the subsequent two months [from May] with economic growth close to trend and inflation expected to decline to the target range later in the year, the board had felt comfortable with the existing level of interest rates, particularly in an environment where there was a significant degree of market volatility,” the minutes read.

“The board therefore judged the existing level of the cash rate as still appropriate and decided to leave it unchanged for the time being, pending further information.”

RBA “comfortable” with cash rate
default
TheAdviser logo
default

 

more from the adviser
parliament Proposed BID extension delayed

The Treasurer has told The Adviser that government will delay fi...

house sold Victorian home buyers make a comeback

Mortgage commitments for owner-occupiers in Melbourne surged in N...

warning Home owners scammed by ‘ruthless criminals’

The WA government has issued a warning surrounding a new scam tha...

FROM THE WEB