The Reserve Bank of Australia (RBA) has today made the decision to keep the nation’s official cash rate on hold at 0.25% at its September monetary policy meeting.

Thus, any further action would seem to necessitate a move further into unconventional territory, and what is left in the ammunition bag is negative interest “As far as monetary policy is concerned, the RBA has effectively exhausted conventional monetary policy by cutting the OCR to its self-imposed floor of 0.25%.

Lee Sue Ann, Economist at UOB Group, reviewed the latest RBA event (Tuesday).“The Reserve Bank of Australia (RBA) decided to maintain its current policy settings in August, including the targets for the cash rate and the yield on 3-year Australian Government “It was evident that the RBA sounded more cautious, in light of the state of disaster being declared in Victoria. ​Looking for financial advice? Data from CoreLogic revealed that Australian housing values recorded a fourth month of decline, down 0.4% in August. Unfortunately, Bitcoin was rejected again from $12,000 and needs to recover fast.Note: All information on this page is subject to change. Author: Eamonn Sheridan | Category: Central Banks. Risk reset joins the technical break to keep the buyers hopeful. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.Opinions expressed at FXStreet are those of the individual authors and do not necessarily represent the opinion of FXStreet or its management.

You should do your own thorough research before making any investment decisions. Read more.The Reserve Bank of Australia (RBA) has today made the decision to keep the nation’s official cash rate on hold at 0.25% at its September monetary policy meeting.Speaking about the RBA’s decision, Mortgage Choice CEO Susan Mitchell said, “Today’s decision was expected from the RBA Board given the latest economic data and uncertainty over Australia’s economic recovery. Regional markets have proven more resilient, bucking the trend with dwelling values remaining flat over the month. The low cash rate continues to drive historically low home loan interest rates. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. RBA Statement on Monetary Policy August 2020 - preview . The latest Westpac Melbourne Institute of Consumer Sentiment revealed that sentiment fell further in August to near the extreme low seen in April, in response to the Stage 4 lockdown in Melbourne and new cases in New South Wales.” “The latest economic data creates many headwinds for the nation’s property market.

The use of this website constitutes acceptance of our user agreement. We work with FinChoice advisers that can help you achieve financial security, no matter what stage you’re at in your financial journey.The new government scheme for first time buyers allows approved applicants to take out a mortgage with just a 5% deposit and avoid paying lenders mortgage insurance. "“Uncertainty over the economic outlook continues to weigh on consumer sentiment. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.

Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. It also does not guarantee that this information is of a timely nature. The Reserve Bank of Australia (RBA) Board decided at its September meeting to extend the Term Funding Facility (TFF) and asserted that it continues to consider further monetary policy … FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

The high degree of leverage can work against you as well as for you. RBA to keep the policy cash rate at the floor of 0.25% at its August meeting; The slew of policy measures announced at its mid-March intermeeting have worked in … Victoria accounts for around 25% of the economy and it remains uncertain as to how long the restrictions will last and how effective they will be.”“As far as monetary policy is concerned, the RBA has effectively exhausted conventional monetary policy by cutting the OCR to its self-imposed floor of 0.25%.

US dollar pullback, on the back of strong ISM Manufacturing PMI, plays a major role. FXStreet will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. "“The latest data from the Australian Bureau of Statistics reveals the devastating impact the Coronavirus pandemic continues to have on the labour market. FXStreet has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.Any opinions, news, research, analyses, prices or other information contained on this website, by FXStreet, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The energy benchmark keeps the short-term triangle formation in play while also trading past-200-bar SMA with normal RSI strength.Bitcoin bulls are following the lead of Ethereum which had a massive breakout to $470. Global equities remain positive, Treasury yields also recover despite mixed sentiment.Gold prices trim late-Tuesday losses while bouncing off $1,963.36.

Aussie GDP can print the record GDP contraction, trade war with China and virus updates are also the key.USD/JPY fails to keep the previous day’s run-up to 106.15.

US-China tussle, ambiguity over American relief package question ISM Manufacturing PMI-led bounce of the US dollar.WTI seesaws inside a weekly symmetrical triangle, bounces off $42.88 recently.


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