Reserve Bank of Australia Cuts Interest Rates by 25 Basis Points
The RBA has cut Interest Rates by 25BPS down to 3.00% from the previous 3.25%. No change from 3.25% was expected.
- Board noted there was scope for modest rate adjustment
- Sees significant support to domestic demand in period ahead
- Capacity utilization expected to fall in 2009
- Demand for credit is weak, labor demand is weakening
- Impact of global stimulus not yet discernible, but should contain downturn over the rest of 2009
- Medium term inflation outlook likely to be lower than in prior 2 years




No Responses to “Reserve Bank of Australia Cuts Interest Rates by 25 Basis Points”
Add a comment