Announcements

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May 8 2014

May 2014 - Interest Rate Announcement


• Rates remain on hold in a mixed economic landscape
• Unemployment rate falls as other factors continue to improve gradually
• House price growth moderating
• Outlook remains for steady rates as budget impact looms

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Apr 30 2014

April 2014 - Interest Rate Announcement


At its meeting today, the Board decided to leave the cash rate unchanged at 2.5 per cent.

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Apr 30 2014

March 2014 - Interest Rate Announcement


At its meeting today, the Board decided to leave the cash rate unchanged at 2.5 per cent.

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Feb 4 2014

February 2014 - Interest Rate Announcement


• Rates steady in directionless economy
• Weak employment, dollar easing and inflation up
• Housing markets rising on falling rates

The Reserve Bank has as expected decided to again leave official interest rates on hold at its first meeting for 2014. Rates have now been steady since the decision by the Bank in August last year to cut rates to a 60 year low of 2.5 percent.

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Nov 8 2013

November 2013 - Interest Rate Announcement


• Rates steady but signals remain mixed
• Stubborn unemployment and dollar
• Sydney and Melbourne housing markets strengthen for now

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Oct 4 2013

October 2013 - Interest Rate Announcement


With the distractions of the federal election now behind the nation, the Reserve Bank has decided, as expected, to leave interest rates on hold again this month and are still at 2.5 percent.

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Sep 5 2013

September 2013 - Interest Rate Announcement


With the federal election looming, the Reserve Bank has decided, as expected, to leave interest rates on hold this month following last month’s decision to cut rates to a record low 2.5 percent.

The national economy remains in the neutral zone with no clear signs emerging of a sustained improvement or deterioration in activity generally. The Reserve Bank can however be expected to continue to act to stimulate growth if key indicators particularly the unemployment rate weaken over coming months.

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Aug 7 2013

August 2013 - Interest Rate Announcement


The Reserve Bank has unsurprisingly decided to cut interest rates this month indicating increased concern over the prospects for the national economy. Rates have now fallen by 2.25 percent since the current easing cycle commenced in November 2011 and are now at a record low 2.5 percent.

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Jul 2 2013

July 2013 - Interest Rate Announcement


The Reserve Bank has decided to leave interest rates on hold for the second consecutive month following the May decision to cut rates to a record low 2.75 percent.

Housing markets generally continue to rise off the back of low rates with buyer activity in Sydney, Melbourne and Perth at its highest level for some years.

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Jun 5 2013

June 2013 - Interest Rate Announcement


The Reserve Bank has decided to leave interest rates on hold this month. This follows last month’s surprise decision to cut rates to a record low 2.75 percent.

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