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Reserve Bank of Australia

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Morgan Stanley tips RBA to cut rates to 1pc, ASX at 4800

The Sydney Morning Herald - ‎18 hours ago‎
Morgan Stanley has added its voice to a gloomy chorus forecasting deep cuts to interest rates, expecting a fall to 1 per cent. But the weakening impact of central bank stimulus means the sharemarket will find little joy, leading the investment bank to ...
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RBA will be forced to cut interest rate to 1 per cent or lower, Macquarie says

The Sydney Morning Herald - ‎May 18, 2016‎
The official cash rate is likely to fall to 1 per cent or lower as a lack of fiscal policy from the government places the onus on lifting demand on a weaker currency and the RBA, Macquarie says. In a bearish note, the investment bank's head of economic ...
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RBA minutes reveal members were reluctant to cut rates, $A jumps

The Sydney Morning Herald - ‎May 16, 2016‎
Despite the RBA's ongoing reluctance to ease monetary policy, futures markets had, before the minutes' release, priced in the chances of a another cut, to 1.5 per cent, for the August meeting at 80 per cent, and the possibility of September cut at 92 ...

Interest rates going to 1.25% says Commonwealth Bank of Australia: Are dividend shares your best bet?

Motley Fool Australia - ‎May 22, 2016‎
If the Commonwealth Bank's prediction proves accurate, this would see the Reserve Bank of Australia's (RBA) official cash rate fall from the current rate of 1.75% to just 1.25% by the end of calendar year 2016.
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Reserve Bank to cut official interest rate to 1.25pc in 2016, says CBA

The Australian Financial Review - ‎May 12, 2016‎
Commonwealth Bank of Australia has become the first of the big four banks to predict another two official Reserve Bank of Australia interest rate cuts in 2016, which would take the cash rate to 1.25 per cent. While CBA's chief economist Michael Blythe ...

Macquarie bank tip the Reserve Bank of Australia to cut rates to 1%

ForexLive - ‎May 18, 2016‎
MBL on the RBA - looking for further cuts, all the way to 1% for the cash rate. Bloomberg with the quick headlines. Forecast cuts in August this year, then May and August of 2017; Macquarie says the AUD needs to decline further; See 65 cents before it ...
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ANZ's Fred Ohlsson retail boss questions if RBA rate cut will help

The Australian Financial Review - ‎May 11, 2016‎
Mr Ohlsson said the central bank's reading of other economic data must have influenced its decision. "The Reserve Bank has access to a lot of data, much more data than even we do," said Mr Ohlsson, who has been ANZ's group executive of Australia for ...
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Bonds Trounce Stocks as Aussie Yield Latest to Drop to a Record

Bloomberg - ‎May 15, 2016‎
The Australian 10-year note's yield fell as far as 2.20 percent, a record based on data compiled by Bloomberg going back to 1969.
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Dollar rebounds from RBA free fall - ‎May 24, 2016‎
BK Asset Management managing director of FX strategy Kathy Lien says Reserve Bank of Australia governor Glenn Stevens had flagged that another rate cut to a fresh record low of 1.5 per cent could be on the horizon.
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Aussie dollar falls on 'hawkish' Fed minutes

The Australian Financial Review - ‎May 18, 2016‎
The Reserve Bank of Australia has been waiting for the Fed to resume lifting US rates, to help push down the local currency.

Suncorp, Bank of Melbourne among banks to push up mortgage rates

The Australian - ‎May 24, 2016‎
Existing customers will receive the full 25-basis-point reduction following the RBA's decision this month to cut the cash rate to 1.75 per cent.
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Election 2016: RBA issues budget warning as Lib black-hole claim implodes

The Australian Financial Review - ‎May 24, 2016‎
Outgoing Reserve Bank governor Glenn Stevens has warned the bickering political parties that whichever side wins the federal election will face years of hard decisions if they carry through on promises to repair the budget.
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RBA's Edwards Tells WSJ Lower Inflation Range Would Be Premature

Bloomberg - ‎May 19, 2016‎
While the 2 percent to 3 percent inflation target remained key to the RBA's policy making, there was built-in flexibility in how it should be interpreted, Edwards was cited as saying in an interview published by The Australian newspaper.
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ANZ says fading AAA allure could send $A towards US50¢

The Sydney Morning Herald - ‎21 hours ago‎
Most economists agree that as the US lifts interest rates, and the Reserve Bank of Australia continues to cut them, the appeal of Australian government bonds and other assets will fade, pushing down the Aussie.
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Federal election 2016: Shorten agrees with RBA chief over budget

The Australian - ‎20 hours ago‎
Mr Shorten paid tribute to the “remarkable tenure” of Mr Stevens at the RBA and said Labor was committed to finding savings in key areas including the vocational education sector.
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Iron ore drops, investors look to RBA for direction

The Australian Financial Review - ‎May 23, 2016‎
Australian shares are set to open mostly flat on Tuesday, as investors look to data both locally and in the US for guidance on whether a Federal Reserve rate hike is imminent. US stocks fluctuated overnight, after the S&P 500 rebounded from a seven ...
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Australian Dollar Exchange Rates Dealt Blow by Dovish RBA Stevens, GBP/AUD Firms at 2.03

Exchange Rates UK - ‎12 hours ago‎
Reserve Bank of Australia (RBA) Governor Glenn Stevens failed to encourage the Australian Dollar exchange rates higher on Tuesday, with forex investors viewing his latest speech as holding the door open for further monetary loosening in the near future.
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Australian market set to open higher - ‎1 hour ago‎
In economic news on Thursday, Reserve Bank of Australia Assistant governor for Financial Markets Guy Debelle is slated to speak at the launch of the Global Code of Conduct for the Foreign Exchange Market in New York.

Aussie Dollar Chained to Iron Ore Adds to RBA Pressure: Chart

Bloomberg - ‎17 hours ago‎
The Australian dollar has dropped 5.5 percent this month as a 22 percent plunge in iron ore prices gave investors another reason to sell the currency after the Reserve Bank of Australia cut interest rates on May 3. The Aussie was little changed at 71 ...