Business
RBA easing hint unsettles Australian dollar bulls – The Australian Financial Review
The Reserve Bank of Australia’s hints that it could further ease policy crushed the Australian dollar, with the currency losses extending into a second day.
He is expecting a cut in the cash rate to 0.1 per cent, with the target for the three-year bond yield and the rate on the Term Funding Facility reduced in line with the cash rate. And the exchange settlement balance rate will fall to 0.05 per cent from 0.1 per cent, ANZ speculates.
Australian interest rate futures are pricing a probability of more than 70 per cent of policy rate cuts in November, according to Commonwealth Bank.
National Australia Bank also expects the Reserve Bank to cut its p…
-
Noosa News20 hours agoElectrify your vehicle, home or business at Noosa’s EV & Electrify Everything Expo
-
General24 hours agoVance downplays row between Trump, ’emotional guy’ Musk
-
General16 hours agoCanberra man accused of flashing and assaulting 12-year-old girl released on bail
-
Noosa News18 hours agoDrought pushes farmers’ mental health to the brink across southern Australia