SYDNEY, - Australia’s central bank discussed unconventional monetary policies, including negative interest rates, at its August board meeting as it left the door ajar for further easing having already cut rates twice to 1%.
The RBA left interest rates at all-time lows earlier this month after easing by a quarter point in both June and July. The RBA was tight-lipped about the timing of the next move, saying only that it would consider a further easing “if the accumulation of additional evidence suggested this was needed” to support its growth and inflation targets.The country’s A$1.9 trillion economy is expanding at its weakest pace since the global financial crisis, weighed by a long downturn in the property market and sluggish household consumption.
The RBA board reviewed the experience of other advanced economies with unconventional policies such as very low and negative rates, explicit forward guidance, buying government bonds and providing long-term funding to banks, the minutes showed.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dow rallies more than 200 points as Wall Street continues rebound from August sell-offAll 3 major U.S. indices climbed today as Treasury yields rebounded, quelling fears of a looming recession. Equities also got a boost after the U.S. agreed to temporarily soften policy against Huawei. The Dow rose 0.96% as the S&P jumped 1.21%. This was predictable. Only douche bag democrats would want a recession. Good to know. Everything back to normal. A weird recession we're all witnessing here ...
Source: CNBC - 🏆 12. / 72 Read more »
Madame Clairevoyant: Horoscopes for the Week of August 19This week, Venus, the planet of love, enters thoughtful Virgo. Why would you publish this now?
Source: NYMag - 🏆 111. / 63 Read more »
Three options strategies for the week: August 19, 2019The 'Options Action' traders share their first moves for the market open. 1. Buy puts 2. Buy more puts 3. Sell some calls as well In volatile market, good companies go bad, bad companies get worse the worst companies become good. That's why it's called volatile market.
Source: CNBC - 🏆 12. / 72 Read more »
UK house sales stronger than normal in August: RightmoveAugust, normally a quiet month for Britain's property market, has seen a su... That’s bc all the money laundering into U.K. real estate!!! In stock market also there is a peak before bust. Never a straight on drop, but always a hook before drop off the cliff. Any stock, any time, even forex follows the same.
Source: Reuters - 🏆 2. / 97 Read more »
The 15 companies hiring the most jobs paying over $100,000 in AugustThe Ladders released their August jobs report of the top companies with the most openings for roles that pay $100,000 or more. Here's where they are and what they're looking for. MakeIt CooLey_F MakeIt And guess what. Thanks to the administration's new 'we-want-people-who-can-stand-on-their-own-two-feet' policy, THOSE $100K+ jobs will REALLY be taken by more talented, more capable immigrants vs the crap jobs they were so terrified immigrants were taking. MakeIt Wow, all IT. The education system of this country doesnt focus enough on math. Math should be by far the most critical subject in the curriculum. Americans will hardly be taking those roles.
Source: CNBC - 🏆 12. / 72 Read more »
Your Horoscope for the Week of August 19Everything you need to know for the upcoming week.
Source: Cosmopolitan - 🏆 725. / 51 Read more »