FOREX TradingCharts.com

Financial News: Australia Cuts Key Rate By 25 Bps

Australia Cuts Key Rate By 25 Bps

10/01/2019 - 00:48:00 (RTTNews)

(RTTNews) - Australia's central bank reduced its interest rates further as widely expected, on Tuesday.

The board of the Reserve Bank of Australia, governed by Philip Lowe, decided to reduce the cash rate by 25 basis points to 0.75 percent.

The bank had earlier lowered its rate in June and July. The back-to-back rate cut in July was the first since mid-2012.

"It is reasonable to expect that an extended period of low interest rates will be required in Australia to reach full employment and achieve the inflation target," the bank said in a statement.

"The Board will continue to monitor developments, including in the labour market, and is prepared to ease monetary policy further if needed to support sustainable growth in the economy, full employment and the achievement of the inflation target over time," the bank said.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Business Inventories Virtually Unchanged In August (03 hr(s), 14 min(s), 12 sec(s) ago)
(RTTNews) - The Commerce Department released a report on Wednesday showing little change in U.S. b ...Full Story»

U.S. Homebuilder Confidence Unexpectedly Shows Continued Improvement (03 hr(s), 16 min(s), 12 sec(s) ago)
(RTTNews) - Homebuilder confidence in the U.S. unexpectedly climbed to its highest level in well o ...Full Story»

Hong Kong Banks Agree To Adopt Measures To Support Small Enterprises: HKMA (03 hr(s), 31 min(s), 12 sec(s) ago)
(RTTNews) - Hong Kong's banks agreed to take measures to support small and medium enterprises, ...Full Story»

U.S. Retail Sales Unexpectedly Decrease Amid Pullback In Auto Sales (04 hr(s), 31 min(s), 12 sec(s) ago)
(RTTNews) - Retail sales in the U.S. unexpectedly decreased in the month of September, according t ...Full Story»

U.S. Retail Sales Unexpectedly Drop 0.3% In September (05 hr(s), 03 min(s), 12 sec(s) ago)
(RTTNews) - Retail sales in the U.S. unexpectedly decreased in the month of September, according t ...Full Story»

Hong Kong Chief Unveils Measures To Improve Housing Market (05 hr(s), 14 min(s), 12 sec(s) ago)
(RTTNews) - Hong Kong's Chief Executive Carrie Lam unveiled measures to make housing affordabl ...Full Story»

UK Inflation Steady At 1.7% (05 hr(s), 34 min(s), 12 sec(s) ago)
(RTTNews) - UK consumer prices grew at a steady rate, which was below the Bank of England's ta ...Full Story»

Austria Inflation Slows In September (05 hr(s), 58 min(s), 12 sec(s) ago)
(RTTNews) - Austria's consumer price inflation slowed in September, figures from Statistics Au ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Business Inventories Virtually Unchanged In August

10/16/2019 - 10:29 AM (RTTNews)
(RTTNews) - The Commerce Department released a report on Wednesday showing little change in U.S. b ...Full Story>>

U.S. Homebuilder Confidence Unexpectedly Shows Continued Improvement

10/16/2019 - 10:27 AM (RTTNews)
(RTTNews) - Homebuilder confidence in the U.S. unexpectedly climbed to its highest level in well o ...Full Story>>

Hong Kong Banks Agree To Adopt Measures To Support Small Enterprises: HKMA

10/16/2019 - 10:12 AM (RTTNews)
(RTTNews) - Hong Kong's banks agreed to take measures to support small and medium enterprises, ...Full Story>>

U.S. Retail Sales Unexpectedly Decrease Amid Pullback In Auto Sales

10/16/2019 - 09:12 AM (RTTNews)
(RTTNews) - Retail sales in the U.S. unexpectedly decreased in the month of September, according t ...Full Story>>

U.S. Retail Sales Unexpectedly Drop 0.3% In September

10/16/2019 - 08:40 AM (RTTNews)
(RTTNews) - Retail sales in the U.S. unexpectedly decreased in the month of September, according t ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.