Macquarie August 2019 Interest Rate Announcement
Following consecutive rate cuts in June and July, the RBA at its latest interest rate meeting has paused by keeping the official cash rate steady at 1%. This comes as no real surprise as we had been expecting the bank to observe the impacts of its recent cuts before...
Macquarie July 2019 Interest Rate Announcement
After delivering an interest rate cut at the last RBA meeting, Governor Phillip Lowe noted that it was “not unreasonable to expect a lower cash rate” and the market did not have to wait long, with the RBA cutting the official cash rate by 0.25% to 1% at its July...
Macquarie June 2019 Interest Rate Announcement
RBA cuts rates to 1.25% An interest rate cut was all but ensured by the RBA Governor Phillip Lowe when he spoke at the Economic Society of Australia in Brisbane last month, noting the RBA board was considering the case for lower interest rates. In May, the RBA board... Macquarie May 2019 Interest Rate Announcement
Speculation on the direction of interest rates is likely to continue as the RBA announced its decision to keep the official cash rate on hold at 1.5%. A case for more stimulatory action by the RBA had been building with inflation consistently below 2% since 2016...