July interest rate announcement: RBA holds cash rate at record low of 0.1 per cent but scales back emergency stimulus
Copyright：Domain The Reserve Bank of Australia is keeping its cash rate at its lowest point ever – 0.1 per cent – for the eighth month running after its monthly meeting on July 6, but has given its strongest signal yet that a rise might come earlier than originally indicated. While there’s no change to the cash […]
RBA governor defends stance on negative interest rates
(mortgagebusiness.com.au) Reserve Bank governor Philip Lowe has hit back at claims that the central bank’s stance on negative interest rates is “putting bank profits ahead of jobs”. In his appearance before the House of Representatives standing committee on economics on Friday (14 August), governor of the Reserve Bank of Australia (RBA) Philip Lowe was questioned […]