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Statement by Philip Lowe, Governor: Monetary Policy Decision
At its meeting today, the Board decided to leave the cash rate unchanged at 1.00 per cent. The outlook for the global economy remains reasonable, although the risks are tilted to the downside. The trade and technology disputes are affecting international trade flows and investment as businesses scale back spending plans due to the increased uncertainty. At the same time, in most advanced economies, unemployment rates are low and wages growth has picked up, although inflation remains low. In China, the authorities have taken further steps to support the economy, while continuing to address risks in the financial ... (full story)
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RBA Policy Statement:
— DailyFX Team Live (@DailyFXTeam) September 3, 2019
- Inflation to be a little under 2% over 2020, expect period of low rates
- Will ease policy further if needed
- Inflation likely to be subdued for some time, little upward pressure on wage growth#AUDUSD
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RBA keeps the official interest rate on hold at 1.0%, but is keeping the door open to another cut soon
The Reserve Bank of Australia (RBA) has kept the official interest rate at its historic low of 1.0%. The decision was in line with consensus forecasts, with just four economists of 31 surveyed by Bloomberg tipping another cut. READ MORE: Most Australian economists think interest rates will be kept on hold in September, but reckon the RBA’s time is running out It comes after the RBA cut interest rates twice consecutively in June and July. Before that, the cash rate had sat at 1.5% for the better part of three years. The RBA has previously indicated that one of its key metrics remains unemployment. Governor Lowe has ... (full story)
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How the RBA statement changed pic.twitter.com/Pj9qTELLLp
— Anthony Barton (@ABartonMacro) September 3, 2019
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