The Reserve Bank has held official interest rates steady at a record low while expressing concern about the economic fallout from the stage four lockdown of Melbourne.where it has been since late MarchRBA governor Philip Lowe said the bank's baseline scenario was that the Australian economy contracted by 6 per cent this year before growing by 5 per cent in 2021.
Dr Lowe also revealed the bank would buy government bonds on the secondary market on Wednesday in a bid to push down the interest rates on these, saying the bank would target the yield on three-year treasuries "until progress is being made towards the goals for full employment and inflation".
Creating income decline for cash investors.
Silly old fart realizes he shot at ghosts and has no bullets left for wolves coming his way . $1.8 million for this tosser , DOH
The RBA held rates steady because they have no ammo left. Stop giving this redundant entity airtime.
No mention of the strong AUD. Clearly the rba board memebers don’t run a business .
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RBA tipped to keep rates on hold | Sky News AustraliaThe Reserve Bank is expected to keep the cash rate on hold at a low of 0.25 per cent ahead of Tuesday’s board meeting.\n\nThe ASX 200 opened strongly on Tuesday, up nearly two per cent, largely due to a solid night of gains on Wall Street lead by technology stocks.\n\nRBA Governor Phillip Lowe will provide economic commentary on the board’s decision at 2:30pm.\n
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Increasing real interest rates, Victorian lockdown make RBA decision tougherIncreasing real interest rates and Victoria's stage four lockdown will force the Reserve Bank to re-examine policy settings and its forecasts for the national economy amid growing evidence the jobs market has deteriorated in the past fortnight. Housing prices 'tumbled' did they? Take a look at a long term price trend to see the absurdity of your description of housing prices. How? We cannot prop up the economy any further by lowering interest rates below zero. It’s time for govt to spend big on non housing infrastructure to soak up unemployment. This will restore confidence. Fast train?
Source: smh - 🏆 6. / 80 Read more »
Increasing real interest rates, Victorian lockdown make RBA decision tougherIncreasing real interest rates and Victoria's stage four lockdown will force the Reserve Bank to re-examine policy settings and its forecasts for the national economy amid growing evidence the jobs market has deteriorated in the past fortnight. Housing prices 'tumbled' did they? Take a look at a long term price trend to see the absurdity of your description of housing prices. How? We cannot prop up the economy any further by lowering interest rates below zero. It’s time for govt to spend big on non housing infrastructure to soak up unemployment. This will restore confidence. Fast train?
Source: smh - 🏆 6. / 80 Read more »
RBA tipped to keep rates on hold | Sky News AustraliaThe Reserve Bank is expected to keep the cash rate on hold at a low of 0.25 per cent ahead of Tuesday’s board meeting.\n\nThe ASX 200 opened strongly on Tuesday, up nearly two per cent, largely due to a solid night of gains on Wall Street lead by technology stocks.\n\nRBA Governor Phillip Lowe will provide economic commentary on the board’s decision at 2:30pm.\n
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Pandemic leave disaster payment available for workers forced to self-isolatePrime Minister Scott Morrison has announced a $1500 pandemic leave disaster payment for Victorians with no sick leave who are forced to self-isolate. 9News MORE: Hopefully Morrison will ensure Victoria pays back it’s accumulated debt because of Dan Andrews. Less GST allocation would be a good start. He must be jumping for joy. 'I can pork barrel an entire state!' Still, somehow he's actually managed to help, despite himself. Not that doing the bare minimum makes up for his woeful performance as PM. But, broken clocks, an' all that ... Very good
Source: 9NewsAUS - 🏆 10. / 72 Read more »
Pandemic leave disaster payment available for workers forced to self-isolatePrime Minister Scott Morrison has unveiled a $1500 pandemic leave disaster payment for Victorians with no sick leave who are forced to self-isolate. 9News
Source: 9NewsAUS - 🏆 10. / 72 Read more »