- Analytics
- News and Tools
- Market News
- Reserve Bank of Australia kept its interest rate unchanged at 2.25%, further interest rate cut is possible
Reserve Bank of Australia kept its interest rate unchanged at 2.25%, further interest rate cut is possible
The Reserve Bank of Australia (RBA) released its interest rate decision on Tuesday. The RBA kept its interest rate unchanged at 2.25%. Analysts had expected the RBA to cut its interest rate to 2.00%.
Australia's central bank cut its interest rate to 2.25% on February 03, 2015, down from 2.50%.
The RBA Governor Glenn Stevens said today that further interest rate cut is possible, "in order to foster sustainable growth in demand and inflation consistent with the target".
Stevens noted that the Australian dollar "remains above most estimates of its fundamental value", and "a lower exchange rate is likely to be needed to achieve balanced growth in the economy".
© 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
