Bobbys Corner-FOMC-Nov.4.2009
November 4, 2009 by Bob Slade · Leave a Comment
Hello All,
As expected the Fed kept interest rates unchanged at .25%
We are looking at the FOMC statement to decipher any changes regarding the timing of any future interest rate decisions.
RBA Rate Decision
February 2, 2009 by Alex Chernomordin · Leave a Comment
The RBA rate decision which was widely expected to be a 100 basis point cut from 4.25% to 3.25% came in as expected. The expectations were relatively split as a large number of economists surveyed predicted only a 75 basis point cut, perhaps keeping the Aussie bid throughout the session. The RBA released the following comments accompanying the release:
- Significant deterioration in World Economy.
- Major economies contracted sharply in the 4th quarter.
- Chinese growth has slowed dramatically.
- Turmoil and global downturn has dampened confidence.
- Inflation has begun to moderate, likely to continue to decline.
- Australian financial system in strong position.
- Rate cuts and stimulus will help cushion economy.
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