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
