Australia's central bank considered the spare capacity in the country'...
SYDNEY - Australia’s central bank considered the spare capacity in the country’s labor market and the recent upswing in housing when it decided to leave the cash rate at a record low of 1% this month.
The RBA left interest rates at all-time lows earlier this month after easing by a quarter point in both June and July. The RBA also provided forward guidance, with the minutes noting that “it was reasonable” to expect an extended period of low interest rates in Australia to meet employment and inflation goals.
On the other hand, Australia’s housing market was showing signs of a turnaround with both mortgage approvals and auction clearance rates climbing.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Taiwan central bank seen leaving rates steady as export view perks up: Reuters pollTaiwan's central bank is expected to leave its policy rate steady for the t...
Read more »
With rate cut likely, market wonders how low Fed will goWith U.S.-China trade tensions roiling markets, investors are counting on suppor...
Read more »
Facebook is reportedly meeting with the Fed and other central banks to discuss libraLibra representatives are in Switzerland to meet with officials from 26 global central banks, according to a report.
Read more »
German finance minister told banks not to hit savers with negative rates: BildGerman Finance Minister Olaf Scholz said on Monday he had told banks not to pass...
Read more »
Who Can Go Lower? Japan Considers Deeper Negative Rates After ECB CutThe Bank of Japan is growing more open to the idea of cutting short-term interest rates deeper into negative territory, responding to global risks that are forcing other central banks to cut rates, said people familiar with the bank’s thinking.
Read more »