Tag Archives: interest rate

RBA: Rate hike ‘necessary’ at some point

The central bank has again signalled that interest rates will increase “at some point” but says it will wait for more news on the state of the international economy and on Australia’s domestic demand.

The minutes of the Reserve Bank of Australia’s (RBA) June 7 board meeting, show the bank believes inflation is being moderated by a high Australian dollar and recent lowering labour costs.

But the bank warned that growth in the resources sector may cause a gradual pick-up in inflation. Continue reading RBA: Rate hike ‘necessary’ at some point

It’s uphill from here on interest rates

Although RBA watchers agree the next move is up, they are divided over whether rates will head north this half or next.

Announcing yesterday’s widely expected interest rate reprieve, with the official cash rate kept on hold at 4.75 per cent, RBA governor Glenn Stevens said monetary policy was “appropriate in view of the general macroeconomic outlook”. Continue reading It’s uphill from here on interest rates