RBA says low rates appropriate for 'some time yet'

reserve-bank-of-australia

The Reserve Bank of Australia (RBA) notes in its latest statement on monetary policy  that evidence of the effects of a substantial degree of stimulus has continued to accumulate since last August, when the cash rate, the bank’s key interest rate, was lowered to its current level of 2.5%.

“At the same time, the economy continues to face some significant headwinds, with a large decline in capital spending in the resources sector getting under way and fiscal consolidation in prospect,” the bank

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.