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Reserve Bank of Australia (RBA)



(RBA) Statement by Glenn Stevens, Governor: Monetary Policy Decision Print E-mail
RBA | Written by Reserve Bank of Australia | Feb 02 16 03:32 GMT
At its meeting today, the Board decided to leave the cash rate unchanged at 2.0 per cent. Recent information suggests the global economy is continuing to grow, though at a slightly lower pace than earlier expected. While several advanced economies have recorded improved growth over the past year, conditions have become more difficult for a number of emerging market economies. China's growth rate has continued to moderate.
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(RBA) Statement by Glenn Stevens, Governor: Monetary Policy Decision Print E-mail
RBA | Written by Reserve Bank of Australia | Dec 01 15 03:33 GMT
At its meeting today, the Board decided to leave the cash rate unchanged at 2.0 per cent. The global economy is expanding at a moderate pace, with some softening in conditions in the Asian region, continuing US growth and a recovery in Europe. Key commodity prices are much lower than a year ago, reflecting increased supply, including from Australia, as well as weaker demand. Australia's terms of trade are falling.
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(RBA) Statement by Glenn Stevens, Governor: Monetary Policy Decision Print E-mail
RBA | Written by Reserve Bank of Australia | Nov 03 15 08:03 GMT
At its meeting today, the Board decided to leave the cash rate unchanged at 2.0 per cent. The global economy is expanding at a moderate pace, with some further softening in conditions in the Asian region, continuing US growth and a recovery in Europe. Key commodity prices are much lower than a year ago, in part reflecting increased supply, including from Australia. Australia's terms of trade are falling.
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(RBA) Statement by Glenn Stevens, Governor: Monetary Policy Decision Print E-mail
RBA | Written by Reserve Bank of Australia | Oct 06 15 03:31 GMT
At its meeting today, the Board decided to leave the cash rate unchanged at 2.0 per cent. The global economy is expanding at a moderate pace, with some further softening in conditions in China and east Asia of late, but stronger US growth. Key commodity prices are much lower than a year ago, in part reflecting increased supply, including from Australia. Australia's terms of trade are falling.
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(RBA) Statement by Glenn Stevens, Governor: Monetary Policy Decision Print E-mail
RBA | Written by Reserve Bank of Australia | Sep 01 15 04:33 GMT
At its meeting today, the Board decided to leave the cash rate unchanged at 2.0 per cent. The global economy is expanding at a moderate pace, with some further softening in conditions in China and east Asia of late, but stronger US growth. Key commodity prices are much lower than a year ago, in part reflecting increased supply, including from Australia. Australia's terms of trade are falling.
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(RBA) Statement by Glenn Stevens, Governor: Monetary Policy Decision Print E-mail
RBA | Written by Reserve Bank of Australia | Aug 04 15 04:39 GMT
At its meeting today, the Board decided to leave the cash rate unchanged at 2.0 per cent. The global economy is expanding at a moderate pace, but some key commodity prices are much lower than a year ago. Much of this trend appears to reflect increased supply, including from Australia. Australia's terms of trade are falling nonetheless.
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(RBA) Statement by Glenn Stevens, Governor: Monetary Policy Decision Print E-mail
RBA | Written by Reserve Bank of Australia | Jul 07 15 04:39 GMT
At its meeting today, the Board decided to leave the cash rate unchanged at 2.0 per cent. The global economy is expanding at a moderate pace, but some key commodity prices are much lower than a year ago. This trend appears largely to reflect increased supply, including from Australia. Australia's terms of trade are falling nonetheless.
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(RBA) Statement by Glenn Stevens, Governor: Monetary Policy Decision Print E-mail
RBA | Written by Reserve Bank of Australia | Jun 02 15 04:36 GMT
At its meeting today, the Board decided to leave the cash rate unchanged at 2.0 per cent. The global economy is expanding at a moderate pace, but some key commodity prices are much lower than a year ago. This trend appears largely to reflect increased supply, including from Australia. Australia's terms of trade are falling nonetheless. The Federal Reserve is expected to start increasing its policy rate later this year, but some other major central banks are continuing to ease policy. Hence, global financial conditions remain very accommodative. Despite some increases in bond yields recently, long-term borrowing rates for sovereigns and creditworthy private borrowers remain remarkably low.
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(RBA) Statement by Glenn Stevens, Governor: Monetary Policy Decision Print E-mail
RBA | Written by Reserve Bank of Australia | May 05 15 06:34 GMT
At its meeting today, the Board decided to lower the cash rate by 25 basis points to 2.0 per cent, effective 6 May 2015. The global economy is expanding at a moderate pace, but commodity prices have declined over the past year, in some cases sharply. These trends appear largely to reflect increased supply, including from Australia. Australia's terms of trade are falling nonetheless. The Federal Reserve is expected to start increasing its policy rate later this year, but some other major central banks are stepping up the pace of unconventional policy measures. Hence, financial conditions remain very accommodative globally, with long-term borrowing rates for sovereigns and creditworthy private borrowers remarkably low.
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(RBA) Statement by Glenn Stevens, Governor: Monetary Policy Decision Print E-mail
RBA | Written by Reserve Bank of Australia | Apr 07 15 04:33 GMT
At its meeting today, the Board decided to leave the cash rate unchanged at 2.25 per cent. Moderate growth in the global economy is expected in 2015, with the US economy continuing to strengthen, even as China's growth slows a little from last year's outcome. Commodity prices have declined over the past year, in some cases sharply. The price of oil in particular is much lower than it was a year ago. These trends appear to reflect a combination of lower growth in demand and, more importantly, significant increases in supply. The much lower levels of energy prices will act to strengthen global output and temporarily to lower CPI inflation rates. Prices for key Australian exports have also been falling and therefore Australia's terms of trade are continuing to decline.
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