The European Central Bank Governing Council member and Governor of the Bank of Greece, Yannis Stournaras, saidon Fridaythat the central bank will probably lower borrowing costs three times this year instead of four, according to Bloomberg. Key quotes “We now consider three rate cuts in 2024 as the more likely scenario.
The RBA can also use quantitative easing and tightening to influence credit conditions, with the former AUD-negative and the latter AUD-positive. How does the health of the Chinese Economy impact the Australian Dollar? China is Australia’s largest trading partner so the health of the Chinese economy is a major influence on the value of the Australian Dollar .
Source: Loan Digest (loandigest.net)
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