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Signs Low Rates Working, Room For More Stimulus If Needed - Reserve Bank Of Australia

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Australia's central bank felt the current level of interest rates was low enough to spur growth in many parts of the economy, but noted that headwinds such as a high local dollar and cooling mining investment were likely to persist.

In the minutes of the Reserve Bank of Australia's (RBA) April 2 meeting, where it kept the cash rate unchanged at a record low 3.0 percent, policymakers reiterated that a benign inflation outlook meant there was room ease further if needed.

"With growth forecast to be a little below trend in 2013, and inflation close to target, members judged that it was appropriate for the stance of policy to be accommodative," the minutes showed.

"The outlook for inflation, as currently assessed, would provide scope for further easing should that be necessary to support demand."

Low rates of 3% the Aussies no nothing about how to rescue an economy in trouble.... Now 0.5% is low, that's what they need to fix things....

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  • 239 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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