… 1 September 2020. The Reserve Bank Board is responsible for formulating monetary policy. Appearance by Philip Lowe, Governor, before the House of Representatives Standing Committee on Economics, Canberra 2 December 2020, 11.00 am AEDT. RBA not convinced Facebook's Libra will succeed in Australia. This is what the record low means for you. Yes, this is the last stop before zero. At its meeting today, the Board decided to leave the cash rate unchanged at 3.0 per cent. Banking Conference, Sydney, Speech by Tony Richards, Head of Payments Policy Department, and Richard Finlay, has also set a target for the yield on 3-year Australian Government bonds. ASIC and RBA announce expectations for CHESS replacement. Chart Pack 6 January 2021, 11.30 am AEDT. RBA to make emergency rate cut today. Tue 3 Nov 2020 03:30:19 GMT. Written by realestateview.com .au in Interest Rates on October 6, 2020. The Reserve Bank has cut its official interest rate by 0.25 percentage points to a new record low of 1.25 per cent. Cash rate cut to 0.1% . The Reserve Bank of Australia will slash the official interest rate to a new record low this afternoon to ease pressure on … The materials on this webpage are subject to copyright and their use is subject to the terms and conditions set out in the Copyright and Disclaimer Notice. The Reserve Bank cuts interest rates to a record low 0.25 per cent and announces a quantitative easing program for the first time in its history to help prevent a coronavirus-driven recession. University of Melbourne, Speech by Christopher Kent, Assistant Governor (Financial Markets), at the Australian Renminbi Forum, Commonwealth Bank’s economists, … This is one of the major reasons the RBA is expected to leave policy unchanged today - they'll be … However, a recent Finder study showed that 29 out of 43 economic experts, or almost 70 per cent, predicted a cash rate cut today. Assessment of ASX Clearing and Settlement Facilities – October 2020. September 2019 RBA Announcement on Interest Rates if you have trouble opening these files. Next Generation of Banknotes: Circulation Date for the New $100 Banknote. The outlook for the global economy remains reasonable, although the risks are tilted to the downside. The RBA’s announcement comes after central banks around the world unveiled huge stimulus packages to stabilise financial markets and limit the economic impacts of the coronavirus. Webcast; Audio ; New Payments Platform: Conclusions Paper. January 2021 . Five hours after the RBA announcement is the government budget announcement. RBA slashes cash rate to all-time low of 1.25 per cent The Reserve Bank has cut the official cash rate for the first time in almost three years. "All 20 leading economists and experts in our monthly Reserve Bank survey were spot on again, after predicting no change to the cash rate today,” Finder.com.au money expert Michelle Hutchinson said. Author: Eamonn Sheridan | Category: Central Banks. Today the 1st October, the RBA decided to cut the cash rate by 0.25% down to an all time low of 0.75% Read the full October 2019 Interest Rate statement over here . Australia's cash rate has been cut for the first time since March. Australian Money Market Divergence: Arbitrage Opportunity or Illusion? target ‘cash rate’, which is the market interest rate on overnight funds. The main goal is to lower the cost of debt. Announcement that the Board decided to leave the cash rate unchanged at 1.50 per cent. Government Securities, Term Funding Facility – Senior Manager, Analysis and Policy, Note Issue Department, Canberra, Speech by Tony Richards, Head of Payments Policy Department, at the Australian Payments Network Summit, Sydney, Address by Philip Lowe, Governor, to the 2019 Australian Payments Network Summit, Sydney, Address by Philip Lowe, Governor, to Australian Business Economists Dinner, Sydney, Speech by Guy Debelle, Deputy Governor, at the Australian Council of Social Service (ACOSS) National 1 October 2020 Media Release 2020-22. Decisions regarding monetary policy Find out if your lender is passing the cut on with Savings.com.au's comprehensive list of home loan rate cut announcements. Home Loans 101 . "The Bank will announce further policy measures to support the Australian economy on Thursday," RBA Governor Philip Lowe said on Monday. The RBA has now cut interest rates four times within the past year Coronavirus could wipe anywhere from 0.3 to 7.9 per cent from Australian GDP depending on the outbreak's severity, analysts warn The Reserve Bank has held interest rates at the historic low of 0.75 per cent. 3 November 2020. small and medium-sized businesses) where it’s going to make an impact. Last time in March when we had the RBA cutting rates and alsoannouncing that target for the three year yields we saw the Aussie dollar plunging to the lowest level I think in yearssince 2002 or so. Loan Market Executive Chairman Sam White said today’s historic cash rate cut by the Reserve Bank of Australia should encourage borrowers to review their current loans. Decisions regarding monetary policy are made by the Reserve Bank Board and explained in a media release announcing the decision at 2.30 pm after each Board meeting. presented in Adobe PDF or audio formats. Yes, this is the last stop before zero. This website is best viewed with JavaScript enabled, interactive content that requires JavaScript will not be available. Since March 2020, the Reserve Bank The RBA has made its first back-to-back interest rate cuts since the global economic anxieties of 2012, with the four major banks passing on differing reductions. RBA announces policy easing measures (widely expected). Assessment of Chicago Mercantile Exchange Inc. Reduction in Interest Rate to Further Support the Australian Economy, Term Funding Facility Increase and Extension to Further Support the Australian Economy, The Reserve Bank's Corporate Plan for 2020/21, Opening Statement by Philip Lowe, Governor, to the Senate Select Committee on COVID-19, Broadening Eligibility of Corporate Debt Securities as Collateral for Domestic Market Operations, Reserve Bank Purchases of Government Securities, Term Funding Facility to Support Lending to Australian Businesses, Submission to the Senate Select Committee on Financial Technology and Regulatory Technology, The Reserve Bank's Corporate Plan for 2019/20. Speech by Guy Debelle, Deputy Governor, at the Australian Business Economists Webinar, Online, Remarks by Christopher Kent, Assistant Governor (Financial Markets), to the Australian Securitisation Forum Virtual Symposium, Sydney, Address by Philip Lowe, Governor, at the Committee for Economic Development of Australia (CEDA) Annual Dinner, Sydney, Speech by Philip Lowe, Governor, Reserve Bank of Australia, Sydney, Speech by Gayan Benedict, Chief Information Officer, at the Gartner IT Symposium 2020, Online, Address by Michele Bullock, Assistant Governor (Financial System), to Ayr Chamber of Commerce Event, Online, Guy Debelle, Deputy Governor The next RBA interest rate announcement is scheduled for 2.30pm on 5 March 2019, following the Reserve Bank board’s monetary policy meeting. in Sydney on 12–13 December 2019, Remarks by Philip Lowe, Governor, at the Darwin Community Dinner, Darwin, Speech by Michele Bullock, Assistant Governor (Financial System), at the Central Bank Payments Conference, Berlin, Address by Philip Lowe, Governor, to a Committee for Economic Development of Australia (CEDA) Event, Adelaide, Speech by Jonathan Kearns, Head of Financial Stability Department, at the 2019 Property Leaders' Summit, Canberra, Speech by Luci Ellis, Assistant Governor (Economic), at the 2019 Freebairn Lecture in Public Policy, The materials on this webpage are subject to copyright and their use is subject to the terms and conditions set out in the Copyright and Disclaimer Notice. JavaScript is currently disabled. (Prior to December 2007, media releases were issued only when the cash rate target was changed.) See the Q&A about the website Is Declining Union Membership Contributing to Low Wages Growth? The RBA’s monetary policy meeting is a board meeting held 11 times a year to discuss and set the ‘cash rate’ – Australia’s benchmark interest rate. Minutes of December 2020 Monetary Policy Meeting of the Reserve Bank Board 15 December 2020, 11.30 am AEDT. In particular, the governments to make debt payments easier. Conference 2019, Canberra, Remarks by Guy Debelle, Deputy Governor, at FINSIA Signature Event: The Regulators, Sydney, Speech by Michele Bullock, Assistant Governor (Financial System), 2019 ASFA Conference, Melbourne, Speech by Philip Lowe, Governor, at the Sir Leslie Melville Lecture, Canberra, Address by Guy Debelle, Deputy Governor, at the CFA Societies Australia Investment Conference, Sydney, Committee on the Global Financial System, chaired by Philip Lowe, Governor, Address by Luci Ellis, Assistant Governor (Economic) to the Ai Group, Geelong, Speech by Philip Lowe, Governor, at the Reserve Bank Board Dinner, Melbourne, Address by Philip Lowe, Governor, to the Armidale Business Chamber, Armidale, Address by Guy Debelle, Deputy Governor, to the Economic Society of Australia, Canberra, Remarks by Philip Lowe, Governor, at the Jackson Hole Symposium, Wyoming, USA, Keynote Address by Guy Debelle, Deputy Governor, at the 14th Annual Risk Australia Conference, Sydney, Address by Christopher Kent, Assistant Governor (Financial Markets), to Finance & Treasury Association, Sydney, Address by Michele Bullock, Assistant Governor (Financial System), to the Toowoomba Chamber of Commerce, Toowoomba, The papers and summaries of discussion from the Reserve Bank of Australia 2019 Conference, Address by Philip Lowe, Governor, to Anika Foundation Luncheon Supported by NAB and the ABE, Sydney, Address by Christopher Kent, Assistant Governor (Financial Markets), at the Bloomberg Address, Sydney, Bulletin article: The Committed Liquidity Facility, Keynote Address by Guy Debelle, Deputy Governor, at FX Week USA, New York, Call for Papers – Reserve Bank of Australia Research Workshop 2019 to be held Skip to content ... At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. "They will sit and watch now. Melbourne, Speech by Alexandra Heath, Head of Economic Analysis, to the Association of Mining and Exploration Companies, Perth, Remarks by Philip Lowe, Governor, at the Reserve Bank Board Dinner, Sydney, Speech by Philip Lowe, Governor, at the Economic Society of Australia, Brisbane, Keynote Speech by Michele Bullock, Assistant Governor (Financial System), at ASIC Annual Forum, Sydney, Speech by Guy Debelle, Deputy Governor, at ISDA's 34th are made by the Reserve Bank Board and explained in a media release announcing the decision at 2.30 pm after each Coming Up. We need to see good initiatives like the term funding facility extended to non-bank lenders, who are far faster at getting capital into ‘real economy’ (i.e. 6 October 2020. “It’s time for both the RBA and ‘Team Australia’ to step up and address the distribution issue. Mirage News Mirage News Business. RBA Bulletin 10 December 2020, 11.30 am AEDT. See a full calendar of upcoming Reserve Bank of Australia monetary policy meetings. (Prior to December 2007, media releases were issued only when the cash rate target was changed.). The Reserve Bank of Australia has decreased the official cash rate by 15 basis points to 0.1%. Listing of RBA news & announcements. Online, Speech by Guy Debelle, Deputy Governor, at the Australian Industry Group, Virtual Conference, Address by Marion Kohler, Head of Domestic Markets, to the Australian Financial Markets Association, Online, Speech by Luci Ellis, Assistant Governor (Economic), Australian Business Economists Lunchtime Briefing, Online, Address by Christopher Kent, Assistant Governor (Financial Markets), to Kanganews, Online, Address by Philip Lowe, Governor, to the Anika Foundation, Online, Speech by Guy Debelle, Deputy Governor, at the Economic Society Australia, Keynote Address by Michele Bullock, Assistant Governor (Financial System), at the Morgan Stanley Disruption Evolved Webcast, Remarks by Philip Lowe, Governor, on Webinar: The Regulators, Speech by Alexandra Heath, Head of Economic Analysis Department, at Career Education Association of Victoria and Victorian Commercial Teachers Association Work Futures Conference, Melbourne, Keynote Address by Guy Debelle, Deputy Governor, at the Australian Financial Review Business Summit, Sydney, Speech by Philip Lowe, Governor, Canberra, Address by Philip Lowe, Governor, to the National Press Club, Sydney, Speech by Jonathan Kearns, Head of Financial Stability, to the Business Forum at the 32nd Australasian Finance and JavaScript is currently disabled. Five hours after the RBA announcement is the government budget announcement. The RBA did as expected today, cutting the ‘official cash rate’ by 0.15 percentage points to (yet another) record low, this time 0.1%. Ten Years of Research – What Have We Learnt Since the Financial Crisis? share. The RBA’s central scenario now sees GDP growth of around 6% over the year to June 2021, and 4% in 2022. View the full statement by the RBA Governor Philip Lowe.. CommBank will review the interest rates on all our products and make an announcement soon. Webinar, Online, Speech by Philip Lowe, Governor, at Citi’s 12th Annual Australia and New Zealand Investment Conference, Sydney, Speech by Tony Richards, Head of Payments Policy, at the UWA Blockchain, Cryptocurrency and Fintech Conference, This would triple the size of their balance sheet from the beginning of 2020 by the time they’re done. Some files on this page may be RBA Interest Rate Announcement – October 2020. Reserve Bank Board … Opening Panel Remarks at the FX Week Australia, Minutes of the March 2019 Monetary Policy Meeting of the Reserve Bank Board, Bilateral Local Currency Swap Agreement With the Bank of Japan. The RBA is expected to make a monetary policy announcement later today in which many economists believe the central bank will lower the cash rate to 0.25% - another new low - and unleash quantitative easing for the first time ever. Key points: Having cut rates three time this year, the RBA is more than likely on hold until at least February The RBA is looking to buy $100 billion in government bonds over the next six months on the secondary market. Business Luncheon, Adelaide, Remarks by Christopher Kent, Assistant Governor (Financial Markets), at the FX Week Australia, Sydney, Address by Luci Ellis, Assistant Governor (Economic), to Housing Industry Association March Industry Outlook Breakfast, Sydney, Speech by Michele Bullock, Assistant Governor (Financial System), at the Urban Development Institute of Australia (WA), Perth, Speech by Christopher Kent, Assistant Governor (Financial Markets), to the KangaNews DCM Summit, Sydney, Keynote Address by Guy Debelle, Deputy Governor, at a Public Forum hosted by the Centre for Policy Development, Sydney, Speech by John Simon, Head of Economic Research, at the Economic Society of Australia (QLD) and Griffith University Symposium, Griffith University, South Bank, Brisbane, Address by Philip Lowe, Governor, to the AFR Business Summit, Sydney, Speech by Christopher Kent, Assistant Governor (Financial Markets), at the XE Breakfast Briefing, Melbourne. … Consultation on ISO 20022 Migration for the Australian Payments System – Responses and Options Paper, Responses to Questions in Writing from the House of Representatives Standing Committee on Economics, MARTIN Has Its Place: A Macroeconometric Model of the Australian Economy, Minutes of the August 2019 Monetary Policy Meeting of the Reserve Bank Board, Payments System Board Update: August 2019 Meeting, The Usual Transmission – Monetary Policy and Financial Conditions, Next Generation of Banknotes: Circulation Date for the New $20 Banknote, Opening Statement by Philip Lowe, Governor, to the House of Representatives Standing Committee on Economics, Canberra, Financial Stability Through the Lens of Business, Changes to the Exchange Settlement Account Policy, Minutes of the July 2019 Monetary Policy Meeting of the Reserve Bank Board, The Effect of Mortgage Debt on Consumer Spending: Evidence from Household-level Data, Cost-benefit Analysis of Leaning against the Wind, Minutes of the June 2019 Monetary Policy Meeting of the Reserve Bank Board, Understanding Rising Housing Loan Arrears, Remarks at the Australian Renminbi Forum Melbourne, 2019 Assessment of Reserve Bank Information and Transfer System, Reserve Bank Adjusts the Committed Liquidity Facility, Australia's Resource Industry – A Look into the Crystal Ball, The Operation of the Interchange Standards: Conclusions and Variation of Standards, Payments System Board Update: May 2019 Meeting, Minutes of the May 2019 Monetary Policy Meeting of the Reserve Bank Board, Leaning In: Towards Better Payment and Clearing Systems, Regulators Urge Financial Institutions to Plan for LIBOR Transition, Financial Markets Foundation for Children Provides Funding for New Chair in Neonatal Paediatrics, Explaining Monetary Spillovers: The Matrix Reloaded, Minutes of the April 2019 Monetary Policy Meeting of the Reserve Bank Board, Consultation on ISO 20022 Migration for the Australian Payments System, Pacific Central Bankers Prioritise Capital Flows and Climate Change, Draft papers presented at the Reserve Bank of Australia 2019 Conference. RBA cuts interest rates to deliver economic boost. The RBA's decision to hold rates today will take time to make a difference to the economy, which has been ravaged by the social distancing restrictions designed … “For the first time since 2011, the RBA … Skip to content Reserve Bank of Australia ... Panel participation by Tony Richards, Head of Payments Policy Department, at the 2nd Annual Real-Time Payments Summit, Sydney 14 June 2019 No text available. Ordinarily, this would be the headline-grabbing element of any announcement from the RBA. South Pacific Central Bank Governors Committed to Cost Effective Remittances, Payments System Board Update: November 2020 Meeting, Panel participation by Guy Debelle, Chair of the Global Foreign Exchange Committee, to ACI/Refinitiv on the Evolution of FX Benchmarks, Minutes of the November 2020 Monetary Policy Meeting of the Reserve Bank Board, COVID, Our Changing Economy and Monetary Policy, Regulation of Stored-value Facilities in Australia: Conclusions of a Review by the CFR, Statement by Philip Lowe, Governor: Monetary Policy Decision, Reserve Bank partners with Commonwealth Bank, National Australia Bank, Perpetual and ConsenSys Software on Wholesale Central Bank Digital Currency Research Project, Next Generation of Banknotes: $100 Enters General Circulation, Digital Capabilities in Support of Organisational Resilience to COVID-19, Appearance before the Senate Economics Legislation Committee (Estimates) – Online, The Global Foreign Exchange Committee and the FX Global Code, Minutes of the October 2020 Monetary Policy Meeting of the Reserve Bank Board, The Stance of Monetary Policy in a World of Numerous Tools, The Recovery from a Very Uneven Recession, Retail Central Bank Digital Currency: Design Considerations and Rationales, Regulators urge Australian institutions to adhere to the ISDA IBOR Fallbacks Protocol and Supplement, Quarterly Statement by the Council of Financial Regulators (CFR), Index of Commodity Prices – September 2020, ASIC and RBA announce expectations for CHESS replacement, Assessment of ASX Clearing and Settlement Facilities – October 2020, Next Generation of Banknotes: Circulation Date for the New $100 Banknote, The Australian Economy and Monetary Policy, New Financial Statistics: The Value of Sound Data in Troubled Times, Minutes of the September 2020 Monetary Policy Meeting of the Reserve Bank Board, Consumer Payment Behaviour in Australia: Evidence from the 2019 Consumer Payments Survey, Payments System Board Update: August 2020 Meeting, Minutes of the August 2020 Monetary Policy Meeting of the Reserve Bank Board, Opening Statement to the House of Representatives Standing Committee on Economics, The Reserve Bank's Operations – Liquidity, Market Function and Funding, The Determinants of Mortgage Defaults in Australia – Evidence for the Double-trigger Hypothesis, COVID-19, the Labour Market and Public Sector Balance Sheets, Minutes of the July 2020 Monetary Policy Meeting of the Reserve Bank Board, The Reserve Bank's Policy Actions and Balance Sheet, Minutes of the June 2020 Monetary Policy Meeting of the Reserve Bank Board, 2020 Assessment of Reserve Bank Information and Transfer System, Payments System Board Update: May 2020 Meeting, Minutes of the May 2020 Monetary Policy Meeting of the Reserve Bank Board, Minutes of the April 2020 Monetary Policy Meeting of the Reserve Bank Board, Monetary Policy Operations, including Term Funding Facility data, published, Regulators Release Feedback on Financial Institutions' Preparation for LIBOR Transition, Weights for the Index of Commodity Prices, Minutes of the 18 March 2020 special Monetary Policy Meeting of the Reserve Bank Board, Release of Term Funding Facility operational notes and application procedure, Review of Retail Payments Regulation – Postponement, Reserve Bank of Australia and US Federal Reserve Announce Swap Arrangement, Responding to the Economic and Financial Impact of COVID-19, Minutes of the March 2020 Monetary Policy Meeting of the Reserve Bank Board, Skills, Technology and the Future of Work, Statement by the Council of Financial Regulators (CFR), Index of Commodity Prices – February 2020, ISO 20022 Migration for the Australian Payments System – Conclusions Paper, Next Generation of Banknotes: $100 Design Reveal, Payments System Board Update: February 2020 Meeting, Minutes of the February 2020 Monetary Policy Meeting of the Reserve Bank Board, The Distributional Effects of Monetary Policy: Evidence from Local Housing Markets, Appearance by Philip Lowe, Governor, before the House of Representatives' Standing Committee on Economics, Renewal of Bilateral Local Currency Swap Agreement With Bank of Korea, Credit Spreads, Monetary Policy and the Price Puzzle, Index of Commodity Prices – December 2019, Papers presented at the Reserve Bank of Australia Research Workshop 2019 – Quantitative Macroeconomics, Minutes of the December 2019 Monetary Policy Meeting of the Reserve Bank Board, Changes in Banking: Looking Back and Looking Forward, Opening Statement to the Senate Economics Legislation Committee on Currency (Restrictions on the Use of Cash) Bill 2019, A Payments System for the Digital Economy, China's Evolving Monetary Policy Framework in International Context, Assessment of LCH Limited's SwapClear Service – December 2019, GFXC Meets in Sydney to Agree Priorities for Updating the FX Global Code, Statement By Philip Lowe, Governor: Monetary Policy Decision, Index of Commodity Prices – November 2019, Review of Retail Payments Regulation – Issues Paper, Unconventional Monetary Policy: Some Lessons From Overseas, 34th South Pacific Central Bank Governors' Meeting, Payments System Board Update: November 2019 Meeting, Minutes of the November 2019 Monetary Policy Meeting of the Reserve Bank Board, Consultation on Financial Market Infrastructure Regulatory Reforms, Panel participation at the Association of Superannuation Funds of Australia, Minutes of the October 2019 Monetary Policy Meeting of the Reserve Bank Board, Next Generation of Banknotes: $20 Enters General Circulation, BIS committees release two major reports on unconventional policy tools, Index of Commodity Prices – September 2019, Assessment of ASX Clearing and Settlement Facilities – September 2019, Minutes of the September 2019 Monetary Policy Meeting of the Reserve Bank Board, Survey of Foreign Exchange and Derivative Markets. 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