• Reserve Bank of Australia left its key interest rate unchanged, at 1.50%

Notícias do Mercado

2 outubro 2018

Reserve Bank of Australia left its key interest rate unchanged, at 1.50%

Today, the Reserve Bank of Australia decided to keep the discount rate unchanged at 1.50%. Below are excerpts from the statement of the Central Bank:

  • The rates correspond to the target level of inflation and economic growth.

  • Further progress is expected in reducing unemployment and increasing inflation.

  • Inflation is expected to be gradual.

  • Loan conditions are tougher than they have been for a while.

  • Mortgage rates remain low, there is strong competition between banks

  • The demand for loans from investors who invest in housing has weakened noticeably

  • In 2019 and 2020, inflation will be higher than now

  • Labor market outlook remains positive

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