- Analytics
- News and Tools
- Market News
- Reserve Bank of Australia kept its interest rate unchanged at a record low 2.5%
Reserve Bank of Australia kept its interest rate unchanged at a record low 2.5%
The Reserve Bank of Australia (RBA) released its interest decision on Tuesday:
- The RBA kept its interest rate unchanged at a record low 2.5%. This decision was expected by market participants;
- The economic growth should be below trend over the year.
The RBA Governor Glenn Stevens said:
- The Australian dollar "offering less assistance than it might" in lifting economic growth;
- Commodity prices remain high, but some commodity prices that are important to Australia have declined;
- "There has been some improvement in indicators for the labour market in recent months, but it will probably be some time yet before unemployment declines consistently. Growth in wages has declined noticeably".
© 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.
Bank transfers
