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Experts comment on the July rba interest rate decision [Video]. After delivering an interest rate cut at the last RBA meeting, Governor Phillip Lowe noted that it was “not unreasonable to expect a lower cash rate” and the market did not. has revised down its expectations for interest rates here in Australia.
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The Reserve Bank of Australia (RBA) Governor Phillip Lowe is on the wires now, making a scheduled speech at the RBA Board Dinner with the.
Mr Lowe said banks have benefited from a reduction in raising funds in wholesale markets and so should pass on the lower cash rate in full with lower mortgages.
Some are also predicting a third cut before the end of the year. In a speech in Sydney titled ‘Today’s Reduction In The Cash Rate’, Lowe said it was "not unreasonable to expect a lower cash rate." "It.
“The board has not yet made a decision, but it is not unreasonable to expect a lower cash rate,” Governor Philip Lowe said in an evening.
"The board has not yet made a decision, but it is not unreasonable to expect a lower cash rate," Governor Philip Lowe said in an evening speech in Sydney. "Our latest set of forecasts were prepared on the assumption that the cash rate would follow the path implied by market pricing, which was for the cash rate to be around 1% by the end.
It would not be "unreasonable" to forecast oil at $60 a barrel at the end of the decade, said Royal Dutch Shell CEO Ben van Beurden Oil supply was more unpredictable than demand, van Beurden added.
The Reserve Bank of Australia (RBA) Governor Phillip Lowe is on the wires now, making a scheduled speech at the RBA Board Dinner with the business community. It’s worth noting that the RBA cut its Official Cash Rate (OCR) by 0.25bps to a record low of 1.25% at the june monetary policy meeting held earlier this Tuesday.
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RBA cut rates, Governor Lowe anticipates more .. RBA Governor Lowe said that is not unreasonable to expect lower cash rates from here, opening doors for further rate cuts in the future.