Category Archives: Interest rates

RBA drops cash rate to 2.75% (or How do you like those record lows?)

In a move which I didn’t see coming, the RBA today cut the cash rate by 25 basis points to 2.75%. It came on the back of poor economic data such as today’s goods and services trade data which showed … Continue reading

Posted in Economy, Interest rates | 2 Comments

The RBA leaves cash rate at 3%

Today the RBA announced that it was keeping the cash rate steady at 3% This is what the cash rate looks like over the past 20 years: As you can see form the 5 years average we’re in pretty new … Continue reading

Posted in Australian politics, Economy, Interest rates | 2 Comments

Banks: The Cash Rate and the Real Interest Rates

In my monthly round up of stuff to do with the RBA’s interest rate announcement I as a rule show this graph: Now I must admit that by itself it is a bit misleading. It suggests the banks are making … Continue reading

Posted in Economy, Interest rates | 6 Comments

RBA Cuts the Cash Rate to 3%

Today the RBA announced that it was cutting the cash rate by 25 basis points from 3.25% to 3.0%. This now puts the cash rate at the equal record lowest level. The cut was largely expected – so expected that … Continue reading

Posted in Australian politics, Economy, Interest rates

The Reserve Banks keeps the cash rate at 3.25%

Today’s announcement by the RBA to keep the cash rate unchanged was a bit of a shock for most predictors. Certainly the foreign exchange market didn’t see it coming, with the dollar jumping around 0.60 cents against the US dollar … Continue reading

Posted in Economy, Interest rates | 2 Comments

CPI: Inflation up 1.4% in the September Quarter

And so the first lot of inflation figures since the introduction of the carbon price came out today, showing in the September quarter inflation had gone up 1.4%, for an annual rise of 2.0%. In seasonally adjusted terms it was … Continue reading

Posted in Carbon Price, Economy, Inflation, Interest rates

Australia’s Unemployment Rate Increases to 5.4%

The monthly Labour Force data come out today and the ABS estimates that the seasonally adjusted unemployment rate increased from 5.1% to 5.4% To be more accurate, the ABS estimates with 95% confidence that the unemployment rate increased anywhere from … Continue reading

Posted in Economy, Employment, Interest rates | 2 Comments

Reserve Banks cuts the cash rate to 3.25%

Today the RBA cut the cash rate by 25 basis points taking it to 3.25% a mere 25 basis points above the break glass in case of emergency level of 3.0% that was reached during the Global Financial Crisis. This … Continue reading

Posted in Economy, Interest rates | 2 Comments

Australia’s Unemployment Rate is 5.2%

And so the ABS released the monthly employment figures came out today. The headline grabber is that unemployment stays at 5.2%. But technically the unemployment rate fell from 5.3% in seasonally adjusted terms to 5.2%, it’s just that last month … Continue reading

Posted in Economy, Employment, Interest rates | 2 Comments

RBA keeps Cash Rate at 3.50%

Today the Reserve Bank to no one’s great surprise kept the cash rate on hold at 3.50% This level is well below the average of the past 20 years (5.37%), the past 10 years (5.10%) and the past 5 years … Continue reading

Posted in Economy, Interest rates