Monetary Policy Review for European Central Bank and Reserve Bank of Australia as on 2nd and 6th October 2014

Australian Central Bank holds Rate as on 6th October 2014

European Central Bank maintains
Refinancing Rate as on 2nd October 2014

Monetary Policy Review for #EuropeanCentralBank and #ReserveBankOfAustralia as on 2nd and 6th October 2014

Reserve Bank of Australia maintains the #CashRate at 2.50% per annum . .
Data released by Reserve Bank Of Australia.

European Central Bank maintains its #Benchmark #RefinancingRate at 0.05% per annum
Data compiled and released by European Central Bank.

#RBA #Australia #EuropeanUnion #ECB #MonetaryPolicy

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Monetary Policy Highlight for ‎Reserve Bank of Australia‬ and ‪‎Central Bank of Egypt‬ as on 1st September 2014

Reserve Bank of Australia maintains Cash Rate as on 1st September 2014

The Central Bank of Egypt maintains
Overnight Deposit Rate as on 1st September 2014

Monetary Policy Highlight for #‎ReserveBankOfAustralia‬ and ‪#‎CentralBankOfEgypt‬ as on 1st September 2014 . .

‎Reserve Bank of Australia‬ maintains the ‪#‎CashRate‬ at 2.5% per annum
Data released by Reserve Bank Of Australia.

The ‪Central Bank of Egypt‬ maintains Benchmark Overnight Deposit Rate at 9.25% per annum
Data released by The Central Bank of Egypt.

‪#‎CBE‬ ‪#‎Egypt‬ ‪‪#‎RBA‬ ‪#‎Australia‬ ‪#‎MonetaryPolicy‬

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Monetary Policy Highlights for National Bank Of Romania and Reserve Bank Of Australia as on 5th August 2014

National Bank Of Romania Monetary Policy as on 5th August 2014

Reserve Bank Of Australia Monetary Policy as on 5th August 2014

Monetary Policy Highlights for National Bank Of Romania and Reserve Bank Of Australia as on 5th August 2014

#NationalBankOfRomania at its meeting it lowers the #MPR #MonetaryPolicyRate to 3.25% per annum from 3.50% per annum. . .
Data released by National Bank of Romania. .

#ReserveBankOfAustralia at its Monetary Policy meeting the board maintains the #CashRate at 2.5% Data released by Reserve Bank Of Australia.

#RBA #Australia #BancaNationalaaRomaniei #Romania #BNR

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Australia holds rate, sees "some scope" for cut if needed - Central Bank News

Australia's central bank held its cash rate steady at 2.75 percent but said the outlook for inflation "may provide some scope for further easing, should that be required to support demand."
    The rate guidance by The Reserve Bank of Australia (RBA) compares with its statement from June when it saw "scope for further easing," indicating that it now sees slightly less room to cut rates as it added the word "some."
    The RBA, which has cut its policy rate by 25 basis points this year and by a total of 200 points since October 2011, noted that the Australian dollar had depreciated by around 10 percent since early April, but added that it remains "at a high level" and it is "possible that the exchange rate will depreciate further over time, which would help to foster a rebalancing of growth in the economy."
    The Australian dollar rose above parity to the U.S. dollar at the start of 2011 and remained there most of the time until the RBA's rate cut in early May when it started dropping. Since the start of this year the Australian dollar has depreciated by some 11 percent to the U.S. dollar, trading at 0.92 today.
    The RBA said the easier financial conditions that are now in place "will contribute to a strengthening of growth over time," with signs of increased demand for finance by households though the pace of borrowing had remained relatively subdued.
    Economic growth in Australia has been below trend and the RBA expects this to continue in the near term as the economy adjusts to lower levels of mining investment.
    Australia's Gross Domestic Product rose by 0.6 percent in the first quarter from the previous quarter, for a 2.5 percent annual rise, down from 3.1 percent in the fourth quarter.
    The inflation rate rose slightly to 2.5 percent in the first quarter from 2.2 percent in the previous quarter but the RBA said it was still consistent with its 2-3 percent target "an is expected to remain so over the next one to two years, notwithstanding the effects of the recent depreciation of the exchange rate."
    The RBA added that financial conditions remain very accommodative globally but the "reassessment by the market of the outlook for monetary policy in the United States has seen a noticeable rise in sovereign bond yields from exceptionally low levels.

Australia holds rate, sees "some scope" for cut if needed - Central Bank News

for more details log on to Reserve Bank of Australia website : http://www.rba.gov.au/

Australia Central Bank News

Australia holds rate, still scope for easing if required - Central Bank News

Australia's central bank left its cash rate unchanged at 2.75 percent, saying the current easy policy stance should help economic growth slowly strengthen but the current outlook for inflation "may provide scope for further easing, should that be required to support demand."
    The Reserve Bank of Australia (RBA), which has cut rate by 200 basis points since October 2011, most recently by 25 basis points in May, said further effects of that easing can be expected over time but the pace of borrowing remains relatively subdued so far, though there has been some signs on increased demand for finance by households.
    In May the RBA also said the outlook for inflation would afford its scope for further easing.
    It also said in May that the exchange rate of the Australian dollar was at a historical high level and repeated today that despite its recent depreciation,  it was still high given lower export prices.
     "The exchange rate has depreciated since the previous Board meeting, although, as the Board has noted for some time, it remains high considering the decline in export prices that has taken place over the past year and a half," the RBA said today, quoting its governor, Glenn Stevens.
   Since the RBA's rate cut on May 6, the Australian dollar has depreciated by 5 percent against the U.S. dollar. The A$ was quoted at 0.97 to the U.S. dollar today.

    The RBA said economic growth over the past year has been a bit below trend with unemployment edging higher and growth in labour costs moderating. Inflation is consistent with the bank's' medium-term target and is expected to remain so over the next one to two years.
    Australia's Gross Domestic Product rose by a quarterly 0.6 percent in the fourth quarter of 2012 from the third, for annual growth of 3.1 percent.
    Global growth is still running a bit below average this year, the RBA said, with reasonable prospects of a pick-up next year. While commodity prices have declined, they remain high by historical standards. But global inflation has moderated in recent months.
    In the first quarter of 2013, Australia's inflation rate rose to 2.5 from 2.2 percent in the fourth quarter. The RBA targets inflation of 2-3 percent.
    The RBA said financial conditions internationally were very accommodative and despite the recent rise in sovereign bond yields, "funding conditions for sovereigns, well-rated corporates and most financial institutions remain very favourable."

www.CentralBankNews.info

for more details log on to Reserve Bank of Australia website : http://www.rba.gov.au/