Reserve Bank interest rate cut a clear sign Australia’s economy is in trouble

Reserve. economy (Photo: AFP/PETER PARKS) SYDNEY: Australia’s central bank on Tuesday (Jul 2) lowered the cost of borrowing for the second-straight month, bringing interest rates to a new historic.

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Photograph: Jason Reed/Reuters The Reserve Bank of Australia has cut its forecasts. be a major contributor to economic growth in the coming year. “Consistent with the strong growth in housing.

Lot of news coming in, Australian Dollar bellow 70 cents and Reserve Bank of Australia embarrasses itself once again but how did they manage to do that this time? Economy Times uploaded a video 2.

Treasurer Josh Frydenberg has disputed claims the economy is in trouble following the Reserve Bank’s decision to cut interest rates. The cash rate was dropped by 25 basis points to 1.25 per cent on Tuesday, marking the first cut in nearly three years, with more expected to follow.

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Our interest rate has now been stuck at 1.5 per cent for twenty months. That is quite a low rate and a low rate is supposed to make the economy better. AN ANALOGY. Imagine you’re in hospital.

The historic cutting of the official interest rate to 1.25% is a clear sign that the Australian economy is in trouble and needs a helping hand. Why else would Reserve Bank of Australia (RBA) Governor Dr Philip Lowe not only decisively cut to 1.25% but make it clear in both the RBA announcement and then later at an RBA dinner that there will be more cuts to come if unemployment doesn’t start to fall.

Low interest rates won’t be enough for Australia to generate wage growth, the Reserve Bank and Morrison government have been warned amid signs shoppers are continuing to tighten their belts.

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The market expects it and is pricing in a cut. Trading on the Australian Securities Exchange implies that 67 per cent of those wagering real money expect the Reserve Bank to cut its cash rate from. The historic cutting of the official interest rate to 1.25% is a clear sign that the Australian economy is in trouble and needs a helping hand.

U.S. bond yields slid Wednesday after the Federal Reserve hinted that it could cut interest rates in the coming months if the central bank’s economic outlook weakens. "I think the law is clear that.