Home >  Blog >  RBA Board cuts policy rate 25 basis points

RBA Board cuts policy rate 25 basis points

Posted by medicalfinancial on 2 October 2012

Below is a link to the NAB economic commentary around today's rate cut. In summary:

  • The key to this rate cut is the outlook a year ahead, where the RBA is concerned that the end of the mining investment boom will lead to weaker growth;
  • The on-going strength of the AUD is putting the brakes on the economic outlook;
  • RBA has switched its focus to weak domestic demand in construction and labour demand;
  • Another 25bps of easing is probably coming;
  • The timing of the next rate cut could depend on the Q3 CPI (24 Oct), with a lowish outcome providing the green light for a follow-up cut in Nov. Otherwise rates could be on hold until February.

http://www.medicalfinancial.com.au/images/121003RBAOctStatement2012.pdf

Author: medicalfinancial
Tags: Website News

Post comment

Latest News

View all news

Making decisive decisions | Do you make decisions like a teenager?

Posted by Alex Menzie on 8 August 2019
A few weeks ago, I made the decision to buy a bike and ride to work off the back of ...

When the default is damaging | Is your life insurance policy set in stone?

Posted by Sean O'Kane on 18 June 2019
Trivial pursuit question what does guaranteed renewable insurance mean? Guarante...

Taxing times - why playing the long game is the key to surviving political uncertainty

Posted by Matt Connor on 22 May 2019
It's always an interesting time during election campaigns, when the country wait...
< Previous | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | Next >

SIGN UP

For Events and News


The information on this site is of a general nature. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions.

The financial planning services are provided by Medical Financial Pty Ltd trading as Medical Financial Planning (AFSL 506557)