The Reserve
Bank of Australia released its interest rate decision. Interest rate remained
unchanged at a record low 2.5%. Market participants had expected this decision.
The RBA
decided to continue accommodative monetary policy. Accommodative monetary
policy should provide support to demand and to economic growth.
The Reserve
Bank of Australia governor Glenn Stevens said that exports were rising “strongly”
and the Australian dollar remained strong by historical standards.
Inflation
target by the RBA is 2-3% over the next two years.
Australia’s
central bank has reduced its interest rate by a cumulative 225 basis points
since November 2011.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.