Labour Force, Australia
Thomas Su
Recent Posts
21st January 2021: Unemployment Rate down at 6.6%
Posted by Thomas Su on January 21, 2021 at 12:08 PM
18th December 2020: Unemployment Rate down to 6.8%
Posted by Thomas Su on December 18, 2020 at 1:00 PM
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.
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.
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.
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.
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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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.
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.