Financial markets are betting official interest rates will be cut in three months time, with the likelihood of another reduction later this year, despite the Reserve Bank indicating this week that the case for lower rates had not been made.
Many in financial markets remain convinced Reserve Bank Governor Philip Lowe will cut interest rates in months ahead.All eyes will be on the jobs data in the months ahead, especially the unemployment rate, amid debate over which figures best reflect the health of Australia's economy: the weak economic growth figures or the stronger labour market numbers.
When the RBA left rates unchanged on Tuesday, Governor Philip Lowe highlighted the importance of jobs data, saying further "improvement in the labour market" would probably be needed to get inflation — which was just 1.3 per cent in the year to March — back inside its 2 to 3 per cent target range. Among the big four banks, Westpac is also tipping further interest rate cuts this year, while Commonwealth Bank is currently forecasting no change.
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Aussie dollar falls to US70c, Dow Jones falls 122 points after Fed indicates no rate cutThe Australian dollar falls as low as 69.95 US cents overnight, while Wall Street continues to drop from its record highs over the Federal Reserve's stance to not cut interest rates. Because the Australian economy is in such capable hands?
Source: abcnews - 🏆 5. / 83 Read more »
Dow Jones drops 163 points after Fed signals no interest rate cutsWall Street's hopes for a rate cut were dashed after the Federal Reserve gave a strong signal that interest rates would not fall — or rise — in the near future.
Source: abcnews - 🏆 5. / 83 Read more »
RBNZ makes the rate cut the RBA passed onNew Zealand appears to have got the jump on Australia again, with its Reserve Bank making the interest rate cut that Australia's central bank passed on, writes Michael Janda. ...the rba ,... carefully analysing the 3 million variables in the global economy and steering the australian economy to safety through small adjustments to the price of money...thankyou rba for keeping us safe... Two different countries and two different enconomies, silly headline
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RBA avoids interest rate cut | Sky News AustraliaThe Reserve Bank of Australia has remained resolute, keeping interest rates on hold for a record 34 months.\n\nExperts argue it's only a matter of time before a rate cut is put through, and predict it could happen as early as June.\n\nThe maintenance of the record low 1.5 per cent interest rate comes after speculation the figure could have been dropped to counter the unusually low inflation rate.\n\n All of those in the know are aware the Rothschilds Reserve Bank of Australia wants to keep us forever in thier debt! Ed Husic: economy just bumping along. WB: NOT a good time to vote for a Labor-Green Govt Dr Brian Fisher served as a key adviser to Australia in Kyoto Climate Change negotiations. Dr Fisher report on the cost of Labor's energy policies. Well a Family Tax, Retirees Tax, Housing Tax, Car Tax, Energy Tax should be just the ticket to getting the economy back on track. Did I just here a dig at the RSL? Thought their referenced to as cane toads?
Source: SkyNewsAust - 🏆 7. / 78 Read more »
RBA leaves rates on hold but odds of cut soon remain highDespite market anticipation the Reserve Bank might cut interest rates this month, it has kept them on hold for the 30th consecutive meeting. Boooooo. rate get any lower the banks will pay us interest. We are all paying for the Ponzi.
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Interest rate cut coming, maybe this week - 9NewsEconomists are divided on whether the Reserve Bank will cut the official interest rate this week, but predict there will be a reduction soon. 9News Let’s kick start a Labor government economic outlook with an interest rate cut But will the back past it on , believe me they won’t 9NewsMelb If there is a cut then Australia will be suffering a disastrous recession not seen since the early 1990’s. Add in a government that wants to spend money they don’t have, is a recipe for an Australian Depression!
Source: 9NewsAUS - 🏆 10. / 72 Read more »
Northern Territory debt to grow to $6.2 billion next financial yearIn the face of ongoing budgetary woes, the NT's debt will grow to $6.2 billion in 2019-20, or to three-quarters of the year's total expenditure. Demand they end mandatory sentencing before they get any bailout. So, what else can we sell the Chinese? The Torres Straight Islands? They would love that. What political is in power in the NT ,not many reports on MSM about the debt crisis up there .
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