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Reserve Bank of Australia: RBA meets to decide on cash rate – live

Discussion in 'Market News' started by Lily, Aug 2, 2016.

  1. Lily

    Lily Forum Member

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    Will the combination of low inflation, falling building approvals and poor trade figures be enough to see interest rates cut to another all-time low? Follow live updates with Greg Jericho and Martin Farrer

    Rate cut in the balance as RBA faces ‘challenging times’

    4.22am BST

    The big reason most expect a rate cut is that the latest inflation figures out last week showed the CPI growing annual at just 1%.

    The two RBA “underlying” or “core” inflation measures were also calculated to be growing at just 1.7% for the trimmed mean and 1.3% for the weighted median – both record lows and all three measures, are well below the RBA’s target band of 2% to 3%:

    4.12am BST

    Over to Greg then...

    With a week to go before the Rio Olympics, forget wondering whether records will be broken. For that we need only look to Martin Place in Sydney at 2:30pm. Just three months since the RBA cut the cash rate to a record low of 1.75% we have the strong expectation that another record is to be set.

    4.07am BST

    Good afternoon and welcome to the live blog on the Reserve Bank’s latest monetary policy decision – aka interest rates decision.

    Greg Jericho will be here shortly with his inimitable mix of analysis and comment but before then just a quick bit of scene-setting.

    Australia's 10-Yr yield below 1.85% for the first time (in forever)

    20/25 see RBA cut; swaps show 75% probability pic.twitter.com/OkBhPGaYb1

    Continue reading...
     

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