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

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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.

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The Reserve Bank of Australia is under growing pressure to deliver an interest rate cut 11 days out from the federal election after a shock inflation reading sounded fresh warnings that the.

9 days ago · A 25 basis point cut would take the new rate to 6.5%. read: reserve bank again keeps repo rate unchanged at 6.75% ; Efficient Group economist Francois Stofberg said if the central bank doesn’t cut rates on Thursday, it may well chose to reduce rates.

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 · SYDNEY – Australia’s central bank would cut interest rates again “if needed” to support employment, wages growth and inflation, having already eased twice since June to a record low of 1%.

Photo: Steve Dykes/ Getty Images. The Reserve Bank of Australia has cut the official cash rate to 1.75%, an historic low. In the accompanying monetary policy statement, the board presented a mixed.

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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.

A 25 basis point cut would take the new rate to 6.5%. READ: Reserve Bank again keeps repo rate unchanged at 6.75% ; Efficient Group economist Francois Stofberg said if the central bank doesn’t cut rates on Thursday, it may well chose to reduce rates at the MPC’s next meeting in mid-September.

 · Related Story: Reserve Bank rate cuts almost a certainty as it slashes economic outlook Map: Australia Australia’s lowest ever Reserve Bank cash rate – 1.5 per cent – is about to be consigned.

 · The Reserve Bank of Australia is under growing pressure to deliver an interest rate cut 11 days out from the federal election after a shock inflation reading sounded fresh warnings that the.