RBA leaves interest rate unchanged at 4.5% - The official cash rate has not been increased for June.
|
|
Business Related Topics...
Computer Related Topics...
Entertainment, Recreation & Sports Related Topics...
Health & Fitness Related Topics...
Home & Family Related Topics...
Shopping Related Topics...
Would you like to submit articles to our site? Have a question or a problem?
You are here: DIME Home > Accounting > RBA leaves interest rate unchanged at 4.5%
The official cash rate has not been increased for June.
Author: Sam Gooch
Date: Jun 21, 2010 - 9:58:46 AM
The official cash rate has not been increased for
June.
The Reserve Bank of Australia (RBA) has
announced it is leaving the interest rate
unchanged at 4.5 per cent for June.
Glenn Stevens,
governor of the organisation, made the declaration as the RBA met to
decide whether or not to increase the official cash
rate.
He noted that investors had displayed a
"good deal more caution" since they met the last time
at the beginning of May - when the group increased the rate from 4.25
per cent to 4.5 per cent.
But this was because of
the worries over sovereign creditworthiness in several European
countries, he continued.
However, due to the
caution the long-term government bond rates declined and equity prices
were reduced and the Australian dollar also went down as part of the
changes.
The RBA noted it would be monitoring the
world economy, predicting that global growth will be "about
trend pace in 2010".
Mr Stevens added:
"Conditions in Europe overall have been relatively weak and the
foreshadowed budgetary tightening will probably mean that this will
continue, but growth is becoming more established in North
America."
He concluded that the interest
rates for borrowers were now consistent with around the past decade - a
"significant adjustment" from the levels met a year
ago.
"Taking all the available information
into account, the Board views this setting of monetary policy as
appropriate for the near term," Mr Stevens
remarked.
These comments come after a survey by the
Australian Associated Press stated that 17 economists predicted the RBA
would maintain its current cash rate.
But they all
believe the rate will hit the 5.25 per cent mark by the end of the
year.
After the May increase, ANZ – which
offers a range of credit cards - upped
the interest rate on a selection of its term
deposits and lending products by 0.25 per cent, the same
increase as the RBA.
What You Need to Be Aware of About Hosting Accoutning WebsitesMay 26, 2011 - 3:03:42 PM If you're just getting started with an accounting website, or are considering designing a website for your accounting practice there are some pointers you'll want to find out about before you really start to develop your site. If you recognize your decisions from the get-go you'll likely see that setting up accounting websites is significantly less intimidating than you believed. There are some website hosting businesses that have spent years developing websites for accountants, and they have a few practical insights for your consideration...... [Read the full story] |
Benefits of Making use of Fresh Content on Websites for AccountantsApr 28, 2011 - 4:12:24 PM Are you keeping your accounting website new and exciting? Stop a minute and impartially reappraise your site. Are you constantly adding new content to your website? Are you keeping your content pertinent and current? Most website owners don't especially appreciate how significant this is to the final success of their sites. Letting your site slide into obsolescence not only makes your firm look lame, it's also a big red flag to the search engines.... [Read the full story] |
6 Management Tips For Efficient And Effective Payroll ProcessingFeb 2, 2011 - 11:24:55 PM To manage your company's payroll processing more efficiently, it is advisable to utilize a reliable system of logging employees' time in and out; check for changes or adjustments in salaries; consistently follow the proper way to manually compute salary or use payroll software; open a separate bank account for your payroll; utilize a uniform delivery system for checks; and save and keep a file of payroll summary for every payday.... [Read the full story] |
VAT Increase - Be PreparedDec 29, 2010 - 10:54:58 AM The rate of VAT in the UK increases from 17.5% to 20% as of 4th January 2011.... [Read the full story] |
Search for articles: |
Latest Articles in All Categories |
Putting Up a Small Commercial Printing Business |
So You Might Be Unemployed And Desire To Become A San Francisco Real Estate Investor Now |
Meditation and Mindfulness: Dealing With Emotion |
CPA Websites: Five Essential Ideas for Composing Convincing Articles |
Set Goals In Order to Come Up With Your Action Plan |
Is the Air in Your Home Safe to Breathe? |
Coarse Fishing Tackle Review: The JW Young 13ft Trotter Rod |
Section 1031 Exchanges For San Diego Real Estate Investors |
Phoenix Real Estate Investing For Highest Possible Earnings |
Legendary are the Volk Racing TE37 Wheels |
Developing the Next Generation Wall Station (ChaseDesk™) for Healthcare - A Case Study |
What are step down transformers? |
Introducing Sharehype, the Revolutionary Tool for Online Marketers |
Rewards To Shopping For Austin Real Estate On The Web |
Hydroponics for Beginners |
Would you like submit your articles and have them approved on a priority status? Find out more about how you can become a Priority author for pennies a day! Click here.
Dime-co.com Home |
|
|
|
|
|
|
|
|
|
|
|
|
|
Disclaimer: Dime-Co.Com is an online information article and video article network. All articles, video articles, comments, and other features herein are for informational purposes only and are provided "as is" without warranties, representations or guarantees of any kind. The views and opinions expressed in an article, comments, links or blogs are the author's own, and not necessarily those of dime-co.com's owners. For full disclaimer, please read our TOS.