Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
subscribe to our newsletter

Cash rate to remain steady to year end: RBA

The official cash rate is expected to remain unchanged at 2.5 per cent for the rest of 2014, according to the Reserve Bank.

Released today, the RBA’s monetary minutes concluded that the money market rates in Australia continued to imply that the cash rate was expected to remain unchanged over the remainder of the year.

“At recent meetings, the Board had judged that it was prudent to leave the cash rate unchanged and members noted that the cash rate could remain at its current level for some time if the economy was to evolve broadly as expected,” the minutes said.

Advertisement
Advertisement

“Developments over the past month had not changed that assessment,” it said.

“There had been further signs that low interest rates were supporting domestic activity.”

The minutes noted that the Board would continue to monitor developments in the economy, with members noting that, on present indications, the most prudent course was likely to be a period of stability in interest rates.

Cash rate to remain steady to year end: RBA
mortgagebusiness

Latest News

The number of housing finance commitments from first home buyers has fallen for the second consecutive month, new ABS data has revealed, wit...

The neo-lender has successfully completed its capital raise designed to fund the acceleration of its growth strategy. ...

Home building commencements dropped in the September quarter, reflecting poor conditions in the housing market in early 2019, according to t...

FROM THE WEB
podcast

LATEST PODCAST: Appointment changes in the finance space

Do you think Australia will move to quantitative easing this year?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.