RBA cuts interest rates to a fresh record low

MELBOURNE, Aug 16 (Reuters) – The Reserve Bank of New Zealand governor said on Friday that low inflation was the main reason for lower interest. The RBNZ cut rates by a surprise 50 basis points.

SYDNEY (Reuters) – Zero interest rates and quantitative easing are. But with the U.S.-China trade war intensifying and the.

The Reserve Bank has cut the official interest rate to a new low of 1%, came a month after the RBA made a similar cut of 0.25 percentage points, many mortgage rates down to less than 4% for the first time in records that.

Governor Philip Lowe kept the cash rate at a record-low 1%. banks to reduce interest rates this year and further monetary.

 · The Reserve Bank of Australia (RBA) has cut official interest rates. The bank reduced Australia’s cash rate by 25 basis points, leaving it at a new record low of 1.25%

The Reserve Bank sets the target cash rate’, which is the market interest rate on overnight funds. It uses this as the instrument for monetary policy, and influences the.

 · The Reserve Bank has cut its key interest rate to a fresh record low of 1.50 per cent. RBA governor glenn stevens said very subdued growth in labour costs domestically and very low cost pressures globally meant inflation was expected to remain quite low for some time.

With the recent reduction in bank funding costs meaning that last year’s 0.1-0.15% mortgage rate hikes should now be reversed and nearly 90% of bank deposits on interest rates above 0.5% (and hence able to be cut) we expect most banks to pass on all or the bulk of the RBA’s cut to customers.

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Reserve Bank of Australia deputy governor Guy Debelle says it’s possible interest. the RBA doesn’t need to worry about.

With the recent reduction in bank funding costs meaning that last year’s 0.1-0.15% mortgage rate hikes should now be reversed and nearly 90% of bank deposits on interest rates above 0.5% (and hence able to be cut) we expect most banks to pass on all or the bulk of the RBA’s cut to customers.

The Reserve Bank of Australia’s decision to leave interest rates unchanged at a record low of 1% saw the Australian dollar.

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