The case to cut rates in Australia has been building for some time, with broad-based weakness in housing activity, sharp falls in house prices, the ongoing issues with meeting RBA inflation targets – and more recently, a rise in the unemployment rate. As widely expected by markets, Governor Phillip ... Read more
Archives for July 2019
Media Release Statement By Philip Lowe, Governor: Monetary Policy Decision
Number 2019-18 Date 2 July 2019 At its meeting today, the Board decided to lower the cash rate by 25 basis points to 1.00 per cent. This follows a similar reduction at the Board's June meeting. This easing of monetary policy will support employment growth and provide greater confidence that ... Read more