Reserve Bank of Australia's (RBA) statement on its national currency prompted an opposite reaction to the Aussie dollar and borrowing rates.
Tags: Reserve Bank of Australia
ASX Starts Strong This Week Due to Inflation
The Australian Stock Exchange (ASX) began its trading week strong after stocks based in the United States finished last week on the red, with investors continuing to bet that the Reserve Bank of Australia (RBA) would start cutting interest rates by September.
Australia's Consumer Price Inflation Rate Rises to 3.6% YoY in April, Stats Report Reveals
After fuel, health, and holiday price rises, Australia's consumer price inflation rate reached 3.6% in April, a five-month high that might prompt the Reserve Bank of Australia to raise interest rates.
ECB braces for QE as others shift rates
Greek funding and quantitative easing in Europe, an expected rate cut in Australia and the buoyant U.S. labor market are set to be the focus of an economic week dominated by a host of central bank meetings.
The Reserve Bank of Australia interest rate unlikely to remain unchanged in 2015: Board meeting explains "Monetary policy is appropriately configured to foster sustainable growth..."
Analysts expect that interest rates would not remain stable next year due to heated property markets in Sydney and Melbourne and rising unemployment rates.
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