News Australia

The Reserve Bank of Australia board has kept interest rates on hold, leaving the official cash rate at 4.25 percent. The shock move comes as many parts of the economy continue to struggle with the side effects of the mining boom. Data published yesterday showed retail trade contracted 0.1 percent in December, traditionally the sector’s [...]

  The Board of the Reserve Bank meets tomorrow. In July last year Westpac forecast that the next easing cycle would total 100bps beginning near year’s end. Subsequently, the Board decided to ease the overnight cash rate by 25bps in both November and December. Based on current information, we continue to expect a further 50bps [...]