•   
  •   

MoneyAustralia's NAB now sees two more central bank rate cuts by February 2020

08:00  11 september  2019
08:00  11 september  2019 Source:   reuters.com

Victory striker makes surprise international debut in World Cup qualifier

Victory striker makes surprise international debut in World Cup qualifier The attacker had been impressing in pre-season and did enough to earn his first national cap

National Australia Bank on Wednesday revised its outlook for interest rate cuts by the country' s central bank , predicting at least two more easings to 0.5% by February from previous forecast of one cut . NAB said a further reduction to 0.25% by mid- 2020 was likely along with the adoption of

Commonwealth Bank cuts to home loan rates : CBA’s cuts mean its new rates will be the “lowest on record” for Australia ’ s largest bank , Angus National Australia Bank cuts to home loan rates : NAB announced on twitter that it had reduced home loan, small business and business overdraft variable

Australia's NAB now sees two more central bank rate cuts by February 2020© Reuters/David Gray FILE PHOTO: FILE PHOTO: The logo of National Australia Bank is displayed outside the firm's headquarters in central Sydney National Australia Bank on Wednesday revised its outlook for interest rate cuts by the country's central bank, predicting at least two more easings to 0.5% by February from previous forecast of one cut.

NAB said a further reduction to 0.25% by mid-2020 was likely along with the adoption of non-conventional monetary policy measures unless Australia's conservative government delivered "meaningful" fiscal stimulus.

The Reserve Bank of Australia (RBA) has chopped interest rates twice since June to a record low of 1% and has shown willingness to do more if needed to revive growth and inflation.

PFA urges A-League's new management to scrap cap, reboot competition

PFA urges A-League's new management to scrap cap, reboot competition The PFA, the players union, has urged the A-League bosses who now manage the league to think radically, abolish the salary cap and reboot the competition.

When Australia ’ s central bank cut rates in June, according to meeting minutes, officials there Most major central banks — including the eurozone’s — are free of politics and have not engaged in “Before, exchange rates were an afterthought of monetary policy. Now , foreign exchange has moved

Interest Rate in Australia averaged 4.25 percent from 1990 until 2020 , reaching an all time high of 17.50 The Reserve Bank of Australia left the cash rate unchanged at a record low of 0.25 percent during its April meeting, as the country grapples with the economic fallout from the COVID-19 outbreak.

"The forecast of lower interest rates reflects increased downside risks to the domestic economy and greater uncertainty about the world economy," NAB said in a statement.

"Importantly, we continue to see the need for additional fiscal stimulus, through new infrastructure investment, cash hand-outs and/or the pull-forward of tax cuts."

A survey released earlier in the day showed Australian consumers had turned more pessimistic as concerns about the near-term economic outlook weighed.

Read more

Israel's election: Why Donald Trump is the 'King of Israel'.
Every U.S. president, citing shared values and security commitments, has been staunchly pro-Israel; President Donald Trump more than most.

—   Share news in the SOC. Networks

Topical videos:

usr: 1
This is interesting!