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Showing 261 - 270 of 342 results for "official cash rate"

Bigger fish to fry

BENJAMIN ONG  |  WEDNESDAY, 28 JAN 2009
... the bigger fish to fry. The only question now that remains to be answered is by how much it will reduce the official cash rate. Cut less and it might not be enough to cushion the fall out from weakness in the rest of the world. Cut too much and it might ...

Filled half-empty glass

BENJAMIN ONG  |  THURSDAY, 4 DEC 2008
... about petrol prices, with crude oil still above the US$100 a barrel mark in July, August and September. The official cash rate has fallen by 300 basis points since then. Crude oil prices are now below US$50 a barrel. And then there is the A$10.4 billion ...

Market Wrap - Morning

AAP  |  FRIDAY, 24 OCT 2008
... WELLINGTON - The New Zealand sharemarket plunged again today, even after the Reserve Bank of New Zealand cut the official cash rate by a full percentage point to 6.5 per cent. The benchmark NZSX-50 index closed down 92.059 points, or 3.175 per cent ...

Central Banks must unite

BENJAMIN ONG  |  WEDNESDAY, 8 OCT 2008
... Street overnight. The Reserve Bank of Australia's shock announcement of a 100 basis point reduction in the official cash rate to 6.0 per cent took market's by surprise and turned the domestic equity market's morning losses into gains. However, while ...

Fed on Zero Interest Rate Policy?

BENJAMIN ONG  |  TUESDAY, 7 OCT 2008
... However, the RBA has only one critical decision to make - by how much does it need to CUT interest rates. With the official cash rate still at a 12-year high of 7 per cent, there is certainly more than sufficient scope for the RBA to slash interest rates ...

This Week's Movers

BENJAMIN ONG  |  MONDAY, 8 SEP 2008
... cent fall in June retail sales was one of the factors that sealed last week's 25 basis point reduction in the official cash rate. At 3.2 per cent, the annual growth in retail spending has decelerated to its lowest level since November 2005 after peaking ...

Weak growth confirms RBA cut

BENJAMIN ONG  |  THURSDAY, 4 SEP 2008
... The latest National Accounts figures gave credence to the Reserve Bank of Australia's decision to lower the official cash rate by 25 basis points to 7 per cent. Australian real gross domestic product advanced by a meagre 0.3 per cent in the June quarter ...

One down, more to follow?

BENJAMIN ONG  |  WEDNESDAY, 3 SEP 2008
The Reserve Bank of Australia (RBA) delivered on market expectations and cut the official cash rate by 25 basis points to 7.0 percent. The ink on the RBA's decision has barely dried but markets were at it again, expecting another quarter of a percent ...

Today's the day

BENJAMIN ONG  |  TUESDAY, 2 SEP 2008
... will either get confirmation or disappointment on several weeks of speculation that the RBA will lower the official cash rate from 7.25 per cent to 7.0 per cent. Weakening consumer demand indicators and dovish RBA rhetoric have spurred speculation of ...

Central bank watch

BENJAMIN ONG  |  MONDAY, 4 AUG 2008
... expectations remain for steady interest rates. Given elevated inflation levels, calls for a reduction in the official cash rate may be a bit premature. Despite the weak retail spending and consumer sentiment reports, a number of factors continue to exert ...