Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Australia c.bank gov says rates to stay at record lows "for a while yet"

Published 17/08/2018, 09:54 am
Updated 17/08/2018, 10:00 am
© Reuters.  Australia c.bank gov says rates to stay at record lows "for a while yet"

SYDNEY, Aug 17 (Reuters) - Australia's top central banker signalled on Friday that interest rates will stay at record lows for a some time to come as inflation remains lukewarm and there is still spare capacity in the labour market.

"The Board's view is that it is likely that we will hold steady for a while yet," Reserve Bank of Australia (RBA) Governor Philip Lowe said before an economics committee in parliament.

The RBA last cut rates to 1.50 percent in August 2016 and has since remained on the sidelines, making the current stretch of stable policy the longest in modern history. is likely to be some time before we are at full employment and the inflation rate is comfortably within the target range on a sustained basis," Lowe added.

"We are prepared to maintain the current monetary policy stance until these benchmarks are more clearly in sight."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.