- Analytics
- News and Tools
- Market News
- Reserve Bank of Australia left its key interest rate unchanged, at 1.50%
Reserve Bank of Australia left its key interest rate unchanged, at 1.50%
Today, the Reserve Bank of Australia decided to keep the discount rate unchanged at 1.50%. Below are excerpts from the statement of the Central Bank:
-
The rates correspond to the target level of inflation and economic growth.
-
Further progress is expected in reducing unemployment and increasing inflation.
-
Inflation is expected to be gradual.
-
Loan conditions are tougher than they have been for a while.
-
Mortgage rates remain low, there is strong competition between banks
-
The demand for loans from investors who invest in housing has weakened noticeably
-
In 2019 and 2020, inflation will be higher than now
-
Labor market outlook remains positive
© 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
