Reserve Bank of Australia today announced that the minutes of a meeting held in March 3 / this March, during which the bank decided to keep interest rates steady at the lowest rates 2.25% after it decided to cut interest rates last February.
From the perspective of the members of the Bank, the current outlook for growth and inflation show need the Australian economy to more support from monetary policy in the coming period, but that members believe that the economy was able to wait for this period since the decision to cut interest rates in February without another change in the price interest.
Australian central bank sees that he needs another intervention in monetary policy in order to work to reduce the unemployment rate, which rose as a result of the recession in spending and investment by businesses after the big slowdown caused by the deterioration of the mining sector and stop working for companies in which the investment expansion.
On the other hand, the RBA Meeting Minutes shows that monetary policy-makers want to preserve the maximum possible negative pressure on the Australian currency, but the bank does not want to rush in making monetary policy and cut interest rates change decisions, and instead Bank follows the wait for monitoring changes policy after Every decision, and find out how effective the current monetary policy in the context of low interest rates around the world.
One also reasons behind the failure to accelerate the reduction of interest rates is to monitor the developments in the real estate markets, particularly in Sydney, which is witnessing a significant rise in real estate prices as a result of low interest rates, which has increased the demand for real estate and causing a rise in prices is the fact that with the bubble in assets, and more cut interest rates by the Reserve Bank of Australia would work on a further rise in prices and inflation bubble.
Australia's economy grew by 2.5% recorded during the last quarter of 2014 to continue to register below average growth rates over the six years out of the past seven years, the longest period of growth decline than the average rate since the recession suffered by the economy in 1991.
On the other hand, the Australian central bank believes that the non-economic sectors related to mining will continue to slow in the coming period to adversely affect the employment sector....
From the perspective of the members of the Bank, the current outlook for growth and inflation show need the Australian economy to more support from monetary policy in the coming period, but that members believe that the economy was able to wait for this period since the decision to cut interest rates in February without another change in the price interest.
Australian central bank sees that he needs another intervention in monetary policy in order to work to reduce the unemployment rate, which rose as a result of the recession in spending and investment by businesses after the big slowdown caused by the deterioration of the mining sector and stop working for companies in which the investment expansion.
On the other hand, the RBA Meeting Minutes shows that monetary policy-makers want to preserve the maximum possible negative pressure on the Australian currency, but the bank does not want to rush in making monetary policy and cut interest rates change decisions, and instead Bank follows the wait for monitoring changes policy after Every decision, and find out how effective the current monetary policy in the context of low interest rates around the world.
One also reasons behind the failure to accelerate the reduction of interest rates is to monitor the developments in the real estate markets, particularly in Sydney, which is witnessing a significant rise in real estate prices as a result of low interest rates, which has increased the demand for real estate and causing a rise in prices is the fact that with the bubble in assets, and more cut interest rates by the Reserve Bank of Australia would work on a further rise in prices and inflation bubble.
Australia's economy grew by 2.5% recorded during the last quarter of 2014 to continue to register below average growth rates over the six years out of the past seven years, the longest period of growth decline than the average rate since the recession suffered by the economy in 1991.
On the other hand, the Australian central bank believes that the non-economic sectors related to mining will continue to slow in the coming period to adversely affect the employment sector....
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