Archive for July 2nd, 2013

Central Bank Watch

Reserve Bank of Australia: Policy Paused but Biased Toward Possible Additional Cut

July 2, 2013

The Official Cash Rate of the RBA was cut seven times between November 2011 and May 2013 by a total of 200 basis points to a record low of 2.75%.  As at the prior meeting in early June, the OCR was not changed today and in a released statement declared “appropriate for the time being.”  […] More

New Overnight Developments Abroad - Daily Update

Lull in Data Flow… Equities Down

July 2, 2013

The Reserve Bank of Australia left its Official Cash Rate at a record low 2.75% and called the Aussie dollar still elevated.  Australia (2.6%) and New Zealand (0.9%), along with Japan (1.8%), were among the few stock markets to see prices rise overnight. Share prices otherwise fell by 1.2% in the Philippines, 1.0% in Indonesia, […] More