Which key events have been driving markets? Find out with Senior Economist Bob Cunneen. |Read More|
Statement by Philip Lowe, Governor: Monetary Policy Decision – December 2022
At its meeting today, the Board decided to: increase the cash rate target by 25 basis points to 3.10 per cent increase the interest rate on Exchange Settlement balances by 25 basis points to 3.00 per cent. Inflation in Australia is too high, at 6.9 per cent over the year to October. Global factors explain much of this high inflation, but…
Statement by Philip Lowe, Governor: Monetary Policy Decision – November 2022
At its meeting today, the Board decided to: increase the cash rate target by 25 basis points to 2.85 per cent increase the interest rate on Exchange Settlement balances by 25 basis points to 2.75 per cent. As is the case in most countries, inflation in Australia is too high. Over the year to September, the CPI inflation rate…
October Economic Update with Bob Cunneen
Which key events have been driving markets? Find out with Senior Economist Bob Cunneen. |Read More|
Statement by Philip Lowe, Governor: Monetary Policy Decision – October 2022
At its meeting today, the Board decided to: increase the cash rate target by 25 basis points to 2.60 per cent increase the interest rate on Exchange Settlement balances by 25 basis points to 2.50 per cent. The Board is committed to returning inflation to the 2–3 per cent range over time. Today’s increase in interest rates will help achieve this goal and further…
September Economic Update with Bob Cunneen
Which key events have been driving markets? Find out with Senior Economist Bob Cunneen. |Read More|
Statement by Philip Lowe, Governor: Monetary Policy Decision – September 2022
At its meeting today, the Board decided to: increase the cash rate target by 50 basis points to 2.35 per cent increase the interest rate on Exchange Settlement balances by 50 basis points to 2.25 per cent. The Board is committed to returning inflation to the 2–3 per cent range over time. It is seeking to do this while keeping the economy on an…
August Economic Update with Bob Cunneen
Welcome to the August edition of the Economic Update by Senior Economist, Bob Cunneen Find out which key events have been driving markets: Central banks continue to rapidly raise interest rates to contain inflation. Australia’s central bank raised the interest rate by 0.5% in both July and August. The US central bank raised interest rates…
Statement by Philip Lowe, Governor: Monetary Policy Decision – August 2022
At its meeting today, the Board decided to: increase the cash rate target by 50 basis points to 1.85 per cent increase the interest rate on Exchange Settlement balances by 50 basis points to 1.75 per cent. The Board places a high priority on the return of inflation to the 2–3 per cent range over time, while keeping the economy on an even keel….
Statement by Philip Lowe, Governor: Monetary Policy Decision – July 2022
At its meeting today, the Board decided to: increase the cash rate target by 50 basis points to 1.35 per cent the interest rate on Exchange Settlement balances by 50 basis points to 1.25 per cent. Global inflation is high. It is being boosted by COVID-related disruptions to supply chains, the war in Ukraine and strong demand which is putting pressure…