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.

Prospects for rate cut increasing: RBA

Staff Reporter 3 minute read

An interest rate cut in coming months could materialise following the release of RBA’s Statement on Monetary Policy yesterday.

The evidence to date, the statement read, was that “a significant moderation in demand is now occurring, and it is looking increasingly likely that demand will remain subdued, and economic growth will be fairly slow, in the period ahead”.

While inflation is likely to remain high in the short-term, the RBA board is confident demand is slowing to an extent that could bring a significant reduction to inflation over time.

“Scope to move to a less restrictive monetary policy stance in the period ahead is increasing,” the bank said.

Advertisement
Advertisement

Published: 12-08-08


Related articles

Rate cuts to boost broker refinancing business; 07-08-08

Rate cuts on the cards: RBA; 05-08-08

 

 

PROMOTED CONTENT


Prospects for rate cut increasing: RBA
default
TheAdviser logo

The not-to-be-missed Accountants Daily Strategy Day will travel through Melbourne and Sydney in August to equip accounting professionals with the latest industry updates and tips for modern practice management as well as the latest cutting-edge technology, processes, strategies and trends shaping the future of accounting. Visit the website for more information: www.accountantsdaily.com.au/strategy-day

default

 

more from the adviser
David Hyman

Breaking News

Brokers promote competition in lending: Lendi

Brokers are driving competition in the mortgages sector and chang...

money au ta

Breaking News

SME fintech closes $25m raise to fund expansion

An SME lender has raised $25 million in equity to fund the ‘rap...

loan application

Breaking News

Hot Property: The biggest property headlines from the week 26 to 30 July

The weekly round-up of the biggest news stories from across Momen...