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Statement by Philip Lowe, Governor: Monetary Policy Decision – Forex Factory, Forexfactory.com

Statement by Philip Lowe, Governor: Monetary Policy Decision – Forex Factory, Forexfactory.com


  • From rba.gov.au

    At its meeting today, the Board decided to lower the cash rate by 25 basis points to 0. 75 per cent. While the outlook for the global economy remains reasonable, the risks are tilted to the downside. The US – China trade and technology disputes are affecting international trade flows and investment as businesses scale back spending plans because of the increased uncertainty. At the same time, in most advanced economies, unemployment rates are low and wages growth has picked up, although inflation remains low. In China, the authorities have taken further steps to support the economy, while continuing to address risks in …(full story)

Added at 12: 33 am

  • From businessinsider.com.au

    The Reserve Bank of Australia (RBA) has cut the official cash rate once again at its October meeting on Tuesday. The RBA was widely expected to cut the interest rate from 1% to 0. 75% in a further effort to support the ailing Australian economy. It marks the third cut this year after it began slashing rates in June. A 0. 25% cut on Tuesday brings the official interest rate to 0. 75%, half of the 1.5% it was at in May – a level at which it had sat for more than two years. More than three-quarters of economists, including all of the big four banks, told Bloomberg before the decision that they anticipated a cut. The …() full story)

Added at 12: 39 am

  • From fxstreet.com

    With the RBA matching most market consensus, AUD / USD stays little changed around 0. 6750 ahead of the European opening on Tuesday. The Aussie central bank marched wide market expectations of a 25 basis points’ (bps) cut to its benchmark Cash Rate. However, investors seem more concerned with the RBA Rate Statement that mentions “gentle turning point appears to have been reached.” With this, the quote initially surged more than 30 pips to 0. (but later on witnesses pullback to near-0.) area. Earlier during the day, upbeat readings of Australia’s September month Purchasing Managers’ Index (PMI) from AiG and …(full story)

  • From asia.nikkei.com|2 hr (min ago)

    Japan’s unemployment rate was unchanged from the previous month at 2.2 percent in August, remaining at the lowest level in 26 years on the back of a chronic labor shortage due to …

  • From globalprime.com.au|3 hr ago

    It didn’t matter that the pendulum swung from risk off late on Friday to a more benign profile on Monday, neither made a difference to experience month and quarter end flows, the …

  • From fitchratings.com|1 hr (min ago)

    The outlook for the global economy has deteriorated significantly due to the escalation in the US-China trade war, Fitch Ratings says in its new Global Economic Outlook (GEO). We …

  • From fxempire.com|1 hr 7 min ago

    The Dollar / Yen is trading higher early Tuesday as the upside momentum continues due to the favorable interest rate differential between US Government bond yields and Japanese …

  • From nationwide.co.uk|(min ago)

    “UK annual house price growth almost ground to a halt in September, at just 0.2%. This marks the tenth month in a row in which annual price growth has been below 1%. “Indicators …

  •                                             Posted:                                         Oct 1, 12: 30 am(2 hr (min ago)

  •                 Category:                 High Impact Breaking News             

    Comments: 3 / Views: 4, 203

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