Archive | Interest Rates

10 March 2012 ~ 2 Comments

What goes down, must come up?

Official interest rates look set to stay on hold for the foreseeable future after Reserve Bank Governor Glenn Stevens declared the balance between growth and inflation was about right. Mr Stevens said most economic data showed Australian economic growth over the past 12 months managed to stay at an average pace, despite some headwinds. He […]

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05 November 2011 ~ 2 Comments

Which Banks passed on the Reserve Bank discount?

At its Reserve Bank meeting on November 1st, the Board decided to lower the cash rate by 25 basis points to 4.5 per cent. In the statement released by Glenn Stevens the decision was made for the following reasons: “Information about the Australian economy suggests moderate growth overall. The terms of trade have now peaked and will […]

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