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.

Rate pause won't last: RBA

Staff Reporter 1 minute read

Staff Reporter

Interest rates will most likely rise again this year, according to the RBA.

Minutes from the latest RBA monetary policy board meeting, taken on October 5 and released today, said that while the overall global outlook was broadly unchanged, interest rates would need to rise "at some point".

“Global economic growth remained around trend, but with significant differences across regions,” the minutes read.

“In the North Atlantic economies, growth remained subdued, while growth prospects for Asia remain solid.”

“As such, the Board concluded that it would be appropriate to hold the cash rate steady for the time being, pending evaluation of further information at the next meeting.”

Rate pause won't last: RBA
default
TheAdviser logo
default

 

more from the adviser
ASIC TA ASIC to update ACL process following security breach

The financial services regulator is working on “alternative arr...

money au ta Lenders extend cashback offers

Several lenders and their subsidiaries have extended their cashba...

ren wong N1 pivots to become SME lender

Diversified broking and non-bank lending group N1 Holdings has an...

FROM THE WEB