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 inflation will be consistent with the medium-term target.   The outlook for the global…

Highlights: Softer US inflation and PMI figures have dimmed the growth outlook, although further labour market tightening may avert a Fed rate cut for the time being. The trade situation remains the key issue for the global economy, with uncertainty affecting investment and bolstering the case for monetary easing. European manufacturing continues to decline, while…

  Which key events have been driving markets? Watch this video of Senior Economist Bob Cunneen in discussion with Portfolio Specialist, Sinead Rafferty.

Bob Cunneen, Senior Economist and Portfolio Specialist Source: Australian Bureau of Statistics (ABS). The Reserve Bank of Australia (RBA) has cut interest rates again by 0.25%. This now sees the official cash interest rate fall to only 1%. This seems extraordinarily low given that the Australian share market has generated a robust 20% return in the…