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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 | 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.
Read more...
 
(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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(RBA) Statement by Glenn Stevens, Governor: Monetary Policy Decision Print E-mail
RBA | Written by Reserve Bank of Australia | Mar 03 15 04:07 GMT
At its meeting today, the Board decided to leave the cash rate unchanged at 2.25 per cent. Growth in the global economy continued at a moderate pace in 2014. A similar performance is expected by most observers 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 has fallen significantly. 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.
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(RBA) Statement by Glenn Stevens, Governor: Monetary Policy Decision Print E-mail
RBA | Written by Reserve Bank of Australia | Feb 03 15 03:54 GMT
At its meeting today, the Board decided to lower the cash rate by 25 basis points to 2.25 per cent, effective 4 February 2015. Growth in the global economy continued at a moderate pace in 2014. China's growth was in line with policymakers' objectives. The US economy continued to strengthen, but the euro area and Japanese economies were both weaker than expected. Forecasts for global growth in 2015 envisage continued moderate growth.
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(RBA) Statement by Glenn Stevens, Governor: Monetary Policy Decision Print E-mail
RBA | Written by Reserve Bank of Australia | Dec 02 14 03:51 GMT
At its meeting today, the Board decided to leave the cash rate unchanged at 2.5 per cent. Growth in the global economy is continuing at a moderate pace. China's growth has generally been in line with policymakers' objectives. While weakening property markets present a challenge in the near term, economic policies have been responding in a way that should support growth. The US economy continues to strengthen, but the euro area and Japan have both seen weakness recently. Some key commodity prices have declined significantly in recent months, reflecting somewhat softer demand and, more importantly, increased supply.
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(RBA) Statement by Glenn Stevens, Governor: Monetary Policy Decision Print E-mail
RBA | Written by Reserve Bank of Australia | Nov 04 14 03:32 GMT
At its meeting today, the Board decided to leave the cash rate unchanged at 2.5 per cent. Growth in the global economy is continuing at a moderate pace. China's growth has generally been in line with policymakers' objectives, though weakening property markets there present a challenge in the near term. Commodity prices in historical terms remain high, but some of those important to Australia have declined further in recent months.
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(RBA) Statement by Glenn Stevens, Governor: Monetary Policy Decision Print E-mail
RBA | Written by Reserve Bank of Australia | Oct 07 14 04:37 GMT
At its meeting today, the Board decided to leave the cash rate unchanged at 2.5 per cent. Growth in the global economy is continuing at a moderate pace. China's growth has generally been in line with policymakers' objectives, though some data suggest a slowing in recent months. Weakening property markets there present a challenge in the near term. Commodity prices in historical terms remain high, but some of those important to Australia have declined further in recent months.
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