Two cuts in a row, and a good chance of more to come.
The Reserve Bank has cut the official interest rate to a new low of 1%, reflecting continuing concern over the slow economy.
Reserve Bank governor Philip Lowe will announce his rate decision at 2.30 pm eastern time onTuesday July 2.
By himself, Reserve Bank Governor Philip Lowe may not be able to keep us out of recession.
As uncertain as 2019-20 is, The Conversation’s team of 20 leading economists are in broad agreement that the outlook isn’t good. Scott Morrison and Treasurer Josh Frydenberg will also have to deal with the unexpected.
Wes Mountain/The Conversation
The Conversation's distinguished panel predicts unusually weak growth, dismal spending, no improvement in either unemployment or wage growth, and an increased chance of recession.
We can’t rely on consumer spending to keep us recession-free.
Expect two more interest rate cuts, but they mightn't be enough.
Philip Lowe tells the Press Club on Wednesday there’s now an even-money chance rates will be cut.
Rates might need to be cut urgently, and because things are good. Governor Lowe has signalled he won't wait.
Economists expect the cash rate to remain steady for yet another year even though inflation is on the floor.
The Reserve Bank's inflation target seems out of date in a world of ultra low inflation. So why is Governor Lowe persisting with it?
Things will continue to look good enough for long enough to help the government fight the election. Beyond that, the Conversation Economic Panel is worried.
Wes Mountain/The Conversation
The Conversation has assembled a forecasting team of 19 academic economists from 12 universities across six states. Together, they assign a 25% probability to a recession within two years.
Reserve Bank of Australia governor Philip Lowe addressing a forum on wages and productivity.
Reserve Bank of Australia governor Philip Lowe has effectively ruled out an interest rate rise until wage growth tops 3%.
Longer-term interest rates influence households’ and businesses’ spending and investment plans.
While the RBA might not be able to influence the current cash rate, it can still influence longer-term rates by offering guidance about its future policy decisions.
Construction of apartments will be a key thing to watch in 2018.
Statements from the RBA show it's little wonder markets are not predicting a rate increase this year.
The Australian Bureau of Statistics has changed what goes into its inflation calculation.
Weak Australian inflation and housing credit data mean the Reserve Bank is unlikely to move on interest rates.
The RBA has cut rates to try and stimulate inflation and growth.
Economists are divided on whether the latest interest rate cut to 1.5% was needed, as the RBA tries to boost inflation and growth.
There are some good reasons why the RBA should retain its flexibility in managing inflation.
RBA governor Glenn Stevens said moderate expansion is continuing in the Australian economy.
AAP Image/Lukas Coch
The Reserve Bank of Australia has decided to leave the official cash rate unchanged at a record low of 2%, but said there was scope for a rate cut down the line.
The current policy of low interest rates should end within the next six months, says the RBA Shadow Board.
Last month's cash rate cut should not be repeated, say the majority of Reserve Bank Shadow Board members.
Uncertainty around Greece defaulting on debt repayments continues to dominate the global outlook.
Financial markets have factored in a cut to Australia's cash rate, but economists - including the CAMA Shadow Board - aren't so sure.
Australia’s labour market is weakening, but the Shadow Board recommends no change to the cash rate.
Weak labour market data has confirmed a soft economic outlook, but our Shadow Board experts believe a rate cut isn't the answer.
The Shadow RBA Board recommends what the RBA should do, not predicts what it will do.
Image sourced from www.shutterstock.com
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