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June 2013 Statement by Glenn Stevens, Governor: Monetary Policy Decision


At its meeting on 4th June, the Board decided to leave the cash rate unchanged at 2.75 per cent. Information becoming available since the previous meeting is consistent with global growth running a bit below average this year, with reasonable prospects of a pick-up next year. Commodity prices have declined from their peaks but, overall,…Read More→

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Statement by Glenn Stevens, Governor: Monetary Policy Decision


At its meeting on 7th May 2013, the Board decided to lower the cash rate by 25 basis points to 2.75 per cent, effective 8 May 2013. The global economy is likely to record growth a little below trend this year, before picking up next year. Among the major regions, the United States continues on…Read More→

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Interest Rate Cuts December


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The Reserve Bank board cut the official interest rates from 3.25% to 3.0% at their meeting this month. This means the cash rate has dropped to the same level as April 2009. ┬áMost lenders have passed on some of the rate cut however only a few lender have passed on the total cut. There has…Read More→

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