Australian interest rate cut

Reserve Bank of Australia’s Cash Rate Cut Again — This Time by 25 Basis Points

June 5, 2012

At today’s meeting, the Board judged that, with modest domestic growth and a weaker and more uncertain international environment, the outlook for inflation afforded scope for a more accommodative stance of monetary policy. So concluded a statement from Reserve Bank of Australia Governor Stevens that defends today’s 25-bp cut of the Official Cash Rate to […] More

Australia’s 50-Basis Point Rate Cut

May 1, 2012

The RBA Board cut the official cash rate to 3.75%, lowest in 26 months, beating expectations of a 25-bp reduction.  Policymakers in a statement of explanation said this larger-sized move would “be necessary in order to deliver the appropriate level of borrowing rates” and was “appropriate” in light of moderating inflation and somewhat weaker-than-expected economic […] More