Compass Global Markets' Blog

Thomas Su

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6th April 2021: RBA Announcement Cash Rate - held at 0.1%

Posted by Thomas Su on April 6, 2021 at 2:31 PM

Statement by Philip Lowe, Governor: Monetary Policy Decision

At its meeting today, the Board decided to maintain the current policy settings, including the targets of 10 basis points for the cash rate and the yield on the 3-year Australian Government bond, as well as the parameters of the Term Funding Facility and the government bond purchase program.

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Topics: Business, Currency, Report, Market

21st January 2021: Unemployment Rate down at 6.6%

Posted by Thomas Su on January 21, 2021 at 12:08 PM

Labour Force, Australia

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18th December 2020: Unemployment Rate down to 6.8%

Posted by Thomas Su on December 18, 2020 at 1:00 PM

Labour Force, Australia

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3rd November 2020: RBA Announcement Cash Rate - cut to 0.1%

Posted by Thomas Su on November 3, 2020 at 2:54 PM

Statement by Philip Lowe, Governor: Monetary Policy Decision

At its meeting today, the Board decided on a package of further measures to support job creation and the recovery of the Australian economy from the pandemic. With Australia facing a period of high unemployment, the Reserve Bank is committed to doing what it can to support the creation of jobs. Encouragingly, the recent economic data have been a bit better than expected and the near-term outlook is better than it was three months ago. Even so, the recovery is still expected to be bumpy and drawn out and the outlook remains dependent on successful containment of the virus.

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4th August 2020: RBA Announcement Cash Rate - held at 0.25%

Posted by Thomas Su on August 4, 2020 at 2:41 PM

Statement by Philip Lowe, Governor: Monetary Policy Decision

At its meeting today, the Board decided to maintain the current policy settings, including the targets for the cash rate and the yield on 3-year Australian Government bonds of 25 basis points.

The global economy is experiencing a severe contraction as countries seek to contain the coronavirus. Even though the worst of this contraction has now passed, the outlook remains highly uncertain. The recovery is expected to be only gradual and its shape is dependent on containment of the virus. While infection rates have declined in some countries, they are still very high and rising in others. International trade remains weak, although there has been a strong recovery in industrial activity in China over recent months.

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7th July 2020: RBA Announcement Cash Rate - held at 0.25%

Posted by Thomas Su on July 7, 2020 at 2:54 PM

Statement by Philip Lowe, Governor: Monetary Policy Decision

At its meeting today, the Board decided to maintain the current policy settings, including the targets for the cash rate and the yield on 3-year Australian Government bonds of 25 basis points.

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2nd June 2020: RBA Announcement Cash Rate - held at 0.25%

Posted by Thomas Su on June 2, 2020 at 2:44 PM

Statement by Philip Lowe, Governor: Monetary Policy Decision

At its meeting today, the Board decided to maintain the current policy settings, including the targets for the cash rate and the yield on 3-year Australian Government bonds of 25 basis points.

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3rd March 2020: RBA Announcement Cash Rate - down 25 basis points to 0.50%.

Posted by Thomas Su on March 3, 2020 at 2:31 PM

Statement by Philip Lowe, Governor: Monetary Policy Decision

At its meeting today, the Board decided to lower the cash rate by 25 basis points to 0.50 per cent. The Board took this decision to support the economy as it responds to the global coronavirus outbreak.

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Compass at Sydney's Day of The Drag 2020

Posted by Thomas Su on February 11, 2020 at 12:35 PM

Compass Global Markets' will be represented by the orange and white Plymouth at this year's Day Of The Drags. Come down to Sydney Dragway at Eastern Creek on March 7th 2020. For all your international payments, call Compass Global Markets on 1300 BEST FX.

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Topics: Market

1st October 2019: RBA Announcement Cash Rate - down 25 basis points to 0.75%.

Posted by Thomas Su on October 1, 2019 at 2:31 PM

Statement by Philip Lowe, Governor: Monetary Policy Decision

At its meeting today, the Board decided to lower the cash rate by 25 basis points to 0.75 per cent.

While the outlook for the global economy remains reasonable, the risks are tilted to the downside. The US–China trade and technology disputes are affecting international trade flows and investment as businesses scale back spending plans because of the increased uncertainty. At the same time, in most advanced economies, unemployment rates are low and wages growth has picked up, although inflation remains low. In China, the authorities have taken further steps to support the economy, while continuing to address risks in the financial system.

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