real-time news and commentary for investors
Tuesday, Oct 1
RBA leaves interest rate at 2.5%
- As expected, the Reserve Bank of Australia has left its cash-rate target at a record low of 2.5%, explaining that prior reductions are filtering into the wider economy and boosting asset prices.
- The RBA continues to expect the economy to grow below trend as it "adjusts to lower levels of mining investment," and for inflation to remain in line with medium-term targets.
- The AUD-USD is +1.1% at US$0.9422, while shares are -0.2%. (PR)
- ETFs - Stocks: EWA, EWAS, KROO, AUSE, FAUS. Bonds: AUD, AUNZ. Currency: FXA, GDAY, CROC.