That is, the central bank tries to determine interest rates as far as it can. The rationale for this policy is to attain full employment and price stability…
November 20th, 2008 | Ed Bugos | 5 comments | ContinuedAll Posts Tagged With: "interest rates"
RBA Cuts Interest Rate to 5.25%
In case you missed it, the RBA cut the cash rate by three quarters of a percentage point. It’s now at 5.25%. But did you notice a hint of indecision in the comments the Bank published with the decision?…
November 5th, 2008 | Dan Denning | 0 comments | Continued
RBA Declares ‘Victory’ Over Inflation in Australia
Let’s get right to the point and suggest that Reserve Bank of Australia deputy governor Rick Battelino was talking to the banks yesterday and not anyone who lives on planet Earth, or Terra Australis Incognito, where last we heard, inflation was running at 4.5% on a yearly basis. The RBA was pretty clear in its Statement of Monetary policy that it would like to cut rates. The Aussie dollar fell in response. So why bother making the point as directly as he did yesterday?
August 15th, 2008 | Dan Denning | 2 comments | Continued
U.S. Fed Leaves Rates Unchanged, Morons
Should anyone take the Federal Reserve seriously anymore? The Fed left short term U.S. rates at 2% yesterday, though in real terms, interest rates are below the rate of inflation and therefore negative. Not exactly hawkish. The Aussie dollar moved toward 96.
June 26th, 2008 | Dan Denning | 5 comments | Continued
Falling Interest Rates and Increasingly Accessible Credit
Consumers are still spending money, too. And since they don’t really have any money to spend, they’re still borrowing. A report in yesterday’s news tells us that one in ten baby boomers has to borrow money just to pay everyday expenses.
May 15th, 2008 | Bill Bonner | 0 comments | Continued
This Week Marked the Six-Month Anniversary of the Fed’s First Cut to US Interest Rates During the Current World Banking Crisis
This week marked the six-month anniversary of the Fed’s first cut to US interest rates during the current world banking crisis. And it’s been fun, fun, fun ever since for hard asset investors…
February 25th, 2008 | Adrian Ash | 1 comment | Continued