Australia central bank sees near-term risks, assumes rates will be cut again as market expects

  • 📰 Reuters
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 97%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

Australia's central bank has trimmed forecasts for near-term growth and dou...

SYDNEY, August 9 - - Australia’s central bank has trimmed forecasts for near-term growth and doubts inflation will reach target until mid-2021 even if it cuts rates twice more as the market expects, underling how tough it will be to revive the economy using monetary policy alone.

As a result, the bank’s Board stood ready to ease policy again “if needed” following cuts in both June and July that took interest rates to an historic low of 1%. The futures market is almost fully priced for a quarter-point cut in October and for another by February. The RBA’s revised forecasts also assumed underlying would not reach the floor of its 2-3% target band until mid-2021, a year later than previously expected.

This is a major reason Lowe has emphasised that monetary policy alone could not achieve its goals and urged the government to act on the fiscal front, a call he repeated in testimony to lawmakers on Friday.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 2. in DE
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

argue argue CD players nightstand nightstand CD players Onkyo CD players bedroom on Geo CD players bedroom DB the Onkyo players bedroom DVD players on gear bedroom nightstand nightstand Mennonite bedroom nightstand nightstand Mennonite bedroom

U-Haul U-Haul cabinets cabinets in bedroom U-Haul U-Haul cabinets and bedroom U-Haul U-Haul cabinets in bed sit sitting cabinet Onkyo bedroom sit sitting cabinet Onkyo bedroom sits sitting cabinet on Geo bedroom

Sealy mattress guys box spring box spring Sealy mattress guys play and play in bedroom Onkyo silly mattress guys spring. box spring play in bedroom Onkyo

p

wands wands players play in bedrooms on go play wands wands players play in bedrooms Onkyo play once once on players play in bedrooms Onkyo play try to hear try to hear the younger players playing bedroom try to hear try to hear the Onkyo players play in bedroom

The RBA needs to go have a pint in Martin Place.

Metalss

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen