At its meeting today, the Board decided to leave the cash rate unchanged at 2.5 per cent. Growth in the global economy was a bit below trend in 2013, but there are reasonable prospects of a pick-up this year. The United States economy, while affected by adverse weather, continues its expansion and the euro area [...]
Tag Archive 'home loans'
Home loans approvals have risen for the seventh month in a row, and the housing sector is expected to strengthen further in the coming months. The number of home loans approved in July rose 2.4 per cent, the Australian Bureau of Statistics said, which was better than the market forecast of a 2.0 per cent [...]
The Reserve Bank of Australia has left interest rates on hold at 2.5 percent at its September board meeting today. The official cash rate, which is already at a record low, was cut by 25 basis points last month. With the country about to go to the polls and the last cut still to make [...]
At its meeting today, the Board decided to lower the cash rate by 25 basis points to 2.5 per cent, effective 7 August 2013. Recent information is consistent with global growth running a bit below average this year, with reasonable prospects of a pick-up next year. Commodity prices have declined but, overall, remain at [...]