Money No rates move expected as RBA meets

04:38  06 february  2018
04:38  06 february  2018 Source:   msn.com

Milligan reportedly set for million-dollar move to Al-Ahli

  Milligan reportedly set for million-dollar move to Al-Ahli Melbourne Victory and Socceroos midfielder Mark Milligan is reportedly set for a $1 million transfer to Saudi Arabian club Al-Ahli. A potential transfer for the former Victory captain was leaked last week with a then $300,000 offer rejected by the club with conflicting reports suggesting the deal was done.But The Age is now reporting that a far more lucrative million-dollar move has been accepted with Milligan unlikely to play again in a Victory shirt.Prior to returning to Victory in the off-season, the 32-year-old had attempted to secure a move to Europe but was held back by visa issues.

The RBA has kept the cash rate at a record low of 1.50%. Read where Australia 's leading economists and experts think the cash rate is heading in 2018. Increased fuel costs will also be concerning the RBA with wages yet to rise as expected . Rates will remain on hold and the case for a near-term cut

Reserve Bank keeps rates on hold for 19th consecutive meeting .

RBA keeps interest rates on hold.

The decision was widely expected with the market pricing in a zero chance of rates moving . Most banks ask for three months worth of statements to verify your income and outgoings, even

Weak inflation and a strong $A are expected to help stay the RBA's hand when it considers interest rates in its first board meeting of 2018.© AAP Image/Dave Hunt Weak inflation and a strong $A are expected to help stay the RBA's hand when it considers interest rates in its first board meeting of 2018. Economists expect no move on official interest rates from the Reserve Bank of Australia when its board meets for the first time in 2018 on Tuesday.

Persistently weak inflation is likely to stay the RBA's hand on rates until at least the end of 2018, many economists believe, with weak inflation a key component in the bank's deliberations.

When the RBA board convenes in Sydney to consider Australia's cash rate, expectations are that the weak December quarter inflation reading of 1.9 per cent - stubbornly below the bank's two-to-three per cent target range - will keep the rate unchanged at a record low 1.5 per cent.

Stronger Aussie a bump on RBA's slow path back to normal

  Stronger Aussie a bump on RBA's slow path back to normal Australia's dollar - and monetary policy plans - are once again caught up in the shifting tide of global finance, with the currency pushing to two-and-a-half year highs.The Aussie has lifted by more than US6¢ since early December – or 8 per cent – to push firmly above US81¢, its loftiest level since May 2015. That brings its gains in 2017 to 3.9 per cent against the greenback, or around US3¢.

The Reserve Bank of Australia ( RBA ) has dropped the latest release of the central bank's Meeting Minutes, and the RBA has maintained their steady policy stance of waiting for further economic improvement within Australia , while they continue to middle on their calls for the next rate hike, which

Reserve Bank of Australia July Monetary Policy Board meeting minutes - RBA Bard agreed next rate move likely to be upward if economy improved as expected Quick summary Headlines via Reuters By Eamonn Sheridan.

Economists expect the next move on interest rates will be higher - a trend already happening in the United States - but Commonwealth Bank chief economist Michael Blythe says the cash rate should remain firmly fixed at 1.5 per cent on Tuesday.

Some economists have tipped a May rate rise but most see a move in November at the earliest, or not until early 2019.

Mr Blythe said the RBA board will be confronted by positive factors including US President Donald Trump's economy-boosting tax cuts, stronger global commodity prices, improvements in Australia's jobs market and a slowdown in the once-superheated housing market.

"Any Board member running their eye down this checklist would probably agree that the next move in interest rates is up," Mr Blythe said in a research note.

"But they would also agree that there is no urgency to act."

Stock market slammed as Wall Street jitters persist .
Stocks posted sharp losses Thursday with the Dow shedding 1,033 points, as higher interest rates continued to rattle investors. The Dow Jones Industrial Average tumbled about 4.15% to 23,860, notching its second-worst point drop in history. The S&P 500 fell 100 points, or 3.75%, to 2,581. The Nasdaq Composite was down 274 points, or 3.9%, at 6,777. The sell-off pushed the Dow and S&P 500 into correction territory, when stocks fall at least 10% from their highs.U.S. equities extended their losses in a week overtaken by wild swings in the stock market.

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