- Analytics
- News and Tools
- Market News
- December’s Reserve Bank of Australia monetary policy meeting: low interest rates supported growth in household consumption and dwelling investment
December’s Reserve Bank of Australia monetary policy meeting: low interest rates supported growth in household consumption and dwelling investment
The Reserve Bank of Australia (RBA) released its minutes from December monetary policy meeting on Tuesday. The RBA said that low interest rates supported growth in household consumption and dwelling investment, while the exchange rate was adjusting to the significant drop in key commodity prices.
The Australian output growth should strengthen gradually over the next two years, the RBA said.
Members said that there is spare capacity in the economy, including in the labour market.
Members also said that further interest rate cut may be needed.
"Members judged that the outlook for inflation may afford some scope for a further easing of monetary policy should that be appropriate to lend support to demand. The Board would continue to assess the outlook, and hence whether the current stance of policy would most effectively foster sustainable growth and inflation consistent with the target," the minutes said.
The RBA kept unchanged its interest rate at 2.00% in December.
© 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
