As the country tunes in for the 2020 Melbourne Cup, the cash rate decision for November has been announced and rates have been cut.
The Reserve Bank of Australia has today kept the cash rate at 0.25% for the 7th straight meeting in a row.
The Reserve Bank of Australia has today kept the cash rate at 0.25% for the sixth straight meeting in a row.
As expected, the Reserve Bank of Australia kept the cash rate at 0.25% at its meeting today as the country continues to deal with the COVID-19 pandemic.
The RBA has announced that the cash rate will remain unchanged for July with rates remaining at 0.25%.
The cash rate decision for June has been announced by the RBA with the rate unchanged at 0.25%.
The cash rate decision for May has been announced by the RBA with the rate unchanged at 0.25%. The Bank has previously signaled it considers the current rate to be the floor, with many analysts predicting it will remain at this level for some time as the economy recovers from the impacts of COVID-19.
The cash rate decision for April has been announced by the RBA with the rate unchanged at 0.25%. Just 19 days ago the RBA announced a .25% emergency cut in response to the economic threat posed by the COVID-19 crisis, reducing the rate to its lowest ever level.
Today, the RBA announced an out-of-cycle emergency rate cut to help the Australian economy withstand the impact of COVID-19.
The Reserve Bank of Australia (RBA) has delivered its final cash rate announcement for the year with the decision to leave the rate unchanged at 0.75%.