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The central bank reiterated it will not raise the cash rate from its record low of 0.10 per cent until inflation is sustainably between two and three per cent.
INFLATION
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With the economic recovery continuing to unfold, firms are looking to ramp up their investment, and with it, they are looking for more staff.
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Australia's interest rates will remain at the historic-low level of 0.1 per cent.
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Private sector credit (effectively outstanding loans) rose by 0.4 per cent in March – the biggest increase in 13 months.
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Prices rose modestly in the first three months of the year, most significantly at the fuel pump, but a temporary ‘blip’ is now expected.
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The success of the COVID-19 vaccine worldwide gives us cause for optimism, and it also means a new threat: inflation.
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Amid this financial market frenzy, it’s only fair for punters to wonder if mortgage rate rises may be on the cards.
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The Reserve Bank of Australia (RBA) has, in a move universally expected, kept the official cash rate unchanged.
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Currencies expected to benefit from a pick-up in global trade, like those linked to commodities, have risen against the US dollar.
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Inflation is the spice of economic life. And the spark’s gone out.
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The rate of inflation is expected to have remained extremely benign during the final three months of 2020, suggesting the Reserve Bank will have no need to adju…
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