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30th of December 2010
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News Tag: Reserve Bank of Australia

December 7, 2010

Australia leaves interest rates on hold

by Kay Murchie
’Australia
The Reserve Bank of Australia (RBA) has today elected to keep interest rates on hold at 4.75% - a move which was widely expected. Australia was the first economy to raise rates from a 50-year low as the economic downturn eased. Other major economies opted for lower interest rates to boost their economies. The country is one of the few developed ...




October 6, 2010

Australia continues to put brakes on rate hikes

by Kay Murchie
’Australia
The Reserve Bank of Australia (RBA) has again elected to leave interest rates on hold at 4.5%. It is the fifth consecutive month in which rates have been at this level and economists had expected rates to rise to 4.75% this month. However, it is still expected that the central bank will only leave rates on hold for the short-term. Australia ...




August 3, 2010

Australia continues to put brakes on rate hikes

by Kay Murchie
”Australia
The Reserve Bank of Australia (RBA) has again elected to leave interest rates on hold at 4.5% after a series of aggressive rate hikes since October. It is the third consecutive month in which rates have been at this level but economists say the central bank will only leave rates on hold for the short-term. Australia was the first economy ...




June 9, 2010

euro zone debt crisis could hit global economy

by Kay Murchie
euro zone debt crisis could hit global economy
There are fears that the debt crisis in the euro zone could hit the global economy but Australia believes its economy will be unaffected. According to the Reserve Bank of Australia (RBA) governor, Glenn Stevens, the country’s strong trade connections with East Asia means it will be relatively unaffected by the events in the euro zone. The Australian economy is one ...





June 1, 2010

Australia halts aggressive rate hikes

by Kay Murchie
”Australia
The Reserve Bank of Australia (RBA) has today elected to leave interest rates on hold at 4.5% after a series of aggressive rate hikes since October. While the decision was widely expected, economists say the central bank will only leave rates on hold for the short-term. Australia was the first economy to raise rates from a 50-year low as the economic downturn eased. ...




May 4, 2010

Australia raises interest rates for sixth time in eight months

by Kay Murchie
”Australia
The Reserve Bank of Australia (RBA) has today elected to lift interest rates from 4.25% to 4.5%, as widely expected. Australia was the first economy to raise rates from a 50-year low as the economic downturn eased. Other major economies opted for lower interest rates to boost their economies. Furthermore, it is one of the few developed economies ...




April 6, 2010

Australia raises interest rates to 4.25%

by Kay Murchie
”Australia
The Reserve Bank of Australia (RBA) has today elected to lift interest rates from 4% to 4.25%. Australia was the first economy to raise rates from a 50-year low as the economic downturn eased. Other major economies opted for lower interest rates to boost their economies. Furthermore, it is one of the few developed economies not to have fallen into recession ...




March 3, 2010

Australian economy grows 2.7% during 2009

by Kay Murchie
Australian economy grows 2.7% during 2009
Official figures have revealed Australia’s economy grew 0.9% in the October to December period, while on an annual basis the economy expanded 2.7%. In comparison, the UK, Germany and Japan all contracted by around 5% in 2009, while the US shrank by 2.4%. Australia's Federal Treasurer Wayne Swan described the country’s growth as "the envy of the developed world". Australia is ...




March 2, 2010

Australia raises interest rates to 4%

by Kay Murchie
’Australia
As widely expected, the Reserve Bank of Australia (RBA) has raised interest rates from 3.75% to 4%. The RBA has increased interest rates four times since October and many analysts believe interest rates could hit 4.25% in the short-term. Australia is one of the few developed economies not to have fallen into recession like its counterparts throughout the world. The economy only ...




February 2, 2010

Australia surprises with interest rate freeze

by Kay Murchie
”Australia
The Reserve Bank of Australia (RBA) has stunned the markets by electing to keep interest rates on hold at 3.75%. The RBA has increased interest rates three times since October and many analysts said interest rates could hit 4.25% in the short-term. Australia is one of the few developed economies not to have fallen into recession like its counterparts throughout the world. The economy ...




January 14, 2010

Australia continues to outperform as unemployment rate falls

by Kay Murchie
”Australia
Australia’s unemployment rate fell in December to 5.5% from 5.6% in November, according to the latest figures from the Australian Bureau of Statistics. In comparison, the unemployment rate in both the US and Europe are around the 10% mark. Australia’s figures came as a surprise to many analysts who had expected the rate to remain flat or rise slightly. Meanwhile, the ...




October 6, 2009

Australia raises interest rates to 3.25%

by Kay Murchie
”Australia
Australia, which is one of the few developed economies not to have fallen into recession like its counterparts throughout the world, has increased interest rates from their record low of 3% to 3.25%. The move did not come as a surprise to analysts and further rises in interest rates are expected. Today’s move is the first time Australia’s central bank has increased ...




November 4, 2008

Australia makes surprise 0.75% interest rate cut

by Kay Murchie
”Australia
The Reserve Bank of Australia (RBA) has surprised the market today by cutting its key interest rate from 0.75% to 5.25%. In line with many other countries, the move was made in a bid to stave a recession. Central banks in the US, Japan and China have all cut interest rates in the last week in a bid to fight off ...