Open CFD account Free Demo
Call: +248 4 671 903 Mail: [email protected]
Log In Open Account
Log In Open Account
Log In Open Account
News & Analysis
News & Analysis

RBA August Statement

6 August 2019 By GO Markets

Share

reserve bank of australia august

The Main Headlines of the RBA August Statement

By Philip Lowe, Governor: Monetary Policy Decision

  • The Board decided to leave the cash rate unchanged at 1.00 per cent.
  • The outlook for the global economy remains reasonable.
  • The persistent downside risks to the global economy combined with subdued inflation have led a number of central banks to reduce interest rates this year and further monetary easing is widely expected.
  • The Australian dollar is at its lowest level of recent times.
  • Inflation to increase gradually, but it is likely to take longer than earlier expected for inflation to return to 2 per cent.
  • Wages growth remains subdued and there is little upward pressure at present, with strong labour demand being met by more supply.
  • Conditions in most housing markets remain soft, although there are some signs of a turnaround, especially in Sydney and Melbourne.
  • It is reasonable to expect that an extended period of low-interest rates will be required in Australia to make progress.
  • The Board will continue to monitor developments in the labour market closely and ease monetary policy further if needed to support sustainable growth in the economy and the achievement of the inflation target over time

 

The information provided is of general nature only and does not take into account your personal objectives, financial situations or needs. Before acting on any information provided, you should consider whether the information is suitable for you and your personal circumstances and if necessary, seek appropriate professional advice. All opinions, conclusions, forecasts or recommendations are reasonably held at the time of compilation but are subject to change without notice. Past performance is not an indication of future performance. Go Markets Pty Ltd, ABN 85 081 864 039, AFSL 254963 is a CFD issuer, and trading carries significant risks and is not suitable for everyone. You do not own or have any interest in the rights to the underlying assets. You should consider the appropriateness by reviewing our TMD, FSG, PDS and other CFD legal documents to ensure you understand the risks before you invest in CFDs. These documents are available here.

#Interest #Rates #Fed #InterestRates #Banks #Banking #FinTech