Compass Global Markets' Blog

Thomas Su

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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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6th August 2019: RBA Announcement Cash Rate holds at 1%.

Posted by Thomas Su on August 6, 2019 at 2:31 PM

Statement by Philip Lowe, Governor: Monetary Policy Decision

At its meeting today, the Board decided to leave the cash rate unchanged at 1.00 per cent.

The outlook for the global economy remains reasonable. However, the increased uncertainty generated by the trade and technology disputes is affecting investment and means that the risks to the global economy remain tilted to the downside. In most advanced economies, unemployment rates are low and wages growth has picked up, although inflation remains low. The slowdown in global trade has contributed to slower growth in Asia. In China, the authorities have taken steps to support the economy, while continuing to address risks in the financial system.

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2nd July 2019: RBA Announcement Cash Rate down again to 1%.

Posted by Thomas Su on July 2, 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 1.00 per cent. This follows a similar reduction at the Board's June meeting. This easing of monetary policy will support employment growth and provide greater confidence that inflation will be consistent with the medium-term target.

The outlook for the global economy remains reasonable. However, the uncertainty generated by the trade and technology disputes is affecting investment and means that the risks to the global economy are tilted to the downside. In most advanced economies, inflation remains subdued, unemployment rates are low and wages growth has picked up. The slowdown in global trade has contributed to slower growth in Asia. In China, the authorities have taken steps to support the economy, while continuing to address risks in the financial system.

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4th June 2019: RBA Announcement Cash Rate lowered to 1.25%.

Posted by Thomas Su on June 5, 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 1.25 per cent. The Board took this decision to support employment growth and provide greater confidence that inflation will be consistent with the medium-term target.

The outlook for the global economy remains reasonable, although the downside risks stemming from the trade disputes have increased. Growth in international trade remains weak and the increased uncertainty is affecting investment intentions in a number of countries. In China, the authorities have taken steps to support the economy, while addressing risks in the financial system. In most advanced economies, inflation remains subdued, unemployment rates are low and wages growth has picked up.

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7th May 2019: RBA Announcement Cash Rate unchanged at 1.50 per cent.

Posted by Thomas Su on May 7, 2019 at 2:31 PM

Statement by Philip Lowe, Governor: Monetary Policy Decision

 

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