5th June 2022: RBA Announcement Cash Rate – up 50 basis points to 1.35%

Statement by Philip Lowe, Governor: Monetary Policy Decision At its meeting today, the Board decided to increase the cash rate target by 50 basis points to 1.35 per cent. It also increased the interest rate on Exchange Settlement balances by 50 basis points to 1.25 per cent. Global inflation is high. It is being boosted by COVID-related disruptions to supply …

3rd May 2022: RBA Announcement Cash Rate – up 25 basis points to 0.35%

Statement by Philip Lowe, Governor: Monetary Policy Decision At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 35 basis points. It also increased the interest rate on Exchange Settlement balances from zero per cent to 25 basis points. The Board judged that now was the right time to begin withdrawing some of the extraordinary monetary …

6th April 2021: RBA Announcement Cash Rate – held at 0.1%

Statement by Philip Lowe, Governor: Monetary Policy Decision At its meeting today, the Board decided to maintain the current policy settings, including the targets of 10 basis points for the cash rate and the yield on the 3-year Australian Government bond, as well as the parameters of the Term Funding Facility and the government bond purchase program.

3rd November 2020: RBA Announcement Cash Rate – cut to 0.1%

Statement by Philip Lowe, Governor: Monetary Policy Decision At its meeting today, the Board decided on a package of further measures to support job creation and the recovery of the Australian economy from the pandemic. With Australia facing a period of high unemployment, the Reserve Bank is committed to doing what it can to support the creation of jobs. Encouragingly, …

Market Update – 21st October 2020 – All Eyes On Huge U.S Stimulus Bill

Please note that the commentary below is factual information provided to a group of readers as a web blog, and where an opinion is expressed by the author, it is GENERAL ADVICE only. Nancy Pelosi Stimulus Package: Focus shifts to the U.S this week where the market is hoping to see a huge stimulus package agreed on between Nancy Pelosi/House …

4th August 2020: RBA Announcement Cash Rate – held at 0.25%

Statement by Philip Lowe, Governor: Monetary Policy Decision At its meeting today, the Board decided to maintain the current policy settings, including the targets for the cash rate and the yield on 3-year Australian Government bonds of 25 basis points. The global economy is experiencing a severe contraction as countries seek to contain the coronavirus. Even though the worst of …