 | | BREAKING NEWS: Friday 06 May 2016 |  |
| Further interest rate cuts are possible | The Reserve Bank has left open the possibility of further interest rate cuts if wages and inflation remain stagnant and the housing market continues to cool.
In its quarterly Statement on Monetary Policy, Australia's central bank explained that Tuesday's decision to cut the cash rate to a record low 1.75 per cent was not triggered by economic growth concerns.
While Australia's economy is expected to keep ticking along, the bank felt compelled to cut rates due to persistently low inflation that is now well below its 2-3 per cent target band and forecast to remain there for at least the rest of this year. | | | About this email You received this email because you are subscribed to ABC News email alerts. This message was sent to you at starnewsposting@gmail.com. Please add newslists@your.abc.net.au to your email address book to see images by default and stop the email being treated as spam. This email address is not monitored - Please don't reply to this email. This service may include material from Agence France-Presse (AFP), APTN, Reuters, AAP, CNN and the BBC World Service which is copyright and cannot be reproduced. Add or remove topics | Unsubscribe | Contact Us |
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