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SYDNEY (Reuters) – Australian bank earnings are getting squeezed by the central bank’s move to cut the cash rate to a record low 1%. but their interest income falls with the rate cuts.” On Tuesday,
· The Reserve Bank of Australia unexpectedly cut its benchmark interest rate to a new record low and said the local currency remains overvalued, joining a.
Today the RBA opted to cut rates for a second consecutive meeting, taking their cash rate to a fresh record low of 1%. Indeed, the cut had been widely expected yet the statement lacked a clear.
As widely anticipated, RBA lowered the cash rate for a second consecutive month today. After the –25 bps cut, the policy rate has reached a fresh record low of 1.00%. At the concluding statement.
RBA cuts interest rates to a fresh record low back to news The Reserve Bank has cut its official interest rate by 0.25 percentage points to a new record low of 1.25 per cent.
The RBA on Tuesday cut the official cash rate to a fresh record low 1.0 per cent and left the door open for another before Christmas as global trade uncertainty and low wage growth continues to.
The Reserve Bank of Australia has cut official interest rates to a new record low of 1.25 per cent, as it looks to turn around sluggish employment, wages and inflation. The official rate cut, just.
Australian Dollar is trading as the strongest one for today in spite of RBA’s second consecutive rate cut. Additionally buying is seen. But German 10-year bund yield is extending recent record run,
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Some lenders resist passing on full rate cut to mortgage clients SYDNEY Australian bank earnings are getting squeezed by the central bank’s move to cut the cash rate to a record low 1 per cent..
Reserve Bank Governor Philip Lowe says two interest rate cuts in as many months should put the economy on a "better path" but he has again called on the government to pull its weight. The RBA on.
(Sharecast News) – Markets in Asia finished in a mixed state on Tuesday, after Australia’s central bank cut interest rates to a fresh all-time low for the. cash rate by 25 basis points to a new.