Tuesday, 01 October, 2019
(BFW) RBA Cuts Key Rate to 0.75%, as Seen by Most Economists Sur
veyed
*RBA: WAGES GROWTH SUBDUED, WITH LITTLE UPWARD PRESSURE
*RBA: PREPARED TO EASE MONETARY POLICY FURTHER IF NEEDED
*RBA: BOARD WILL CONTINUE TO MONITOR DEVELOPMENTS
*RBA: INDICATORS SUGGEST EMPLOYMENT GROWTH LIKELY TO SLOW
*RBA SEES INFLATION A LITTLE UNDER 2% OVER 2020
*RBA: MAIN UNCERTAINTY IS OUTLOOK FOR CONSUMPTION
*RBA: PREPARED TO EASE MONETARY POLICY FURTHER IF NEEDED
*RBA: INFLATION PRESSURES LIKELY TO BE SUBDUED FROM SOME TIME
*RBA: GENTLE TURNING POINT APPEARS TO HAVE BEEN REACHED
*RBA: REASONABLE TO EXPECT EXTENDED PERIOD OF LOW RATES
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2019-10-01 04:31:25.922 GMT
By Garfield Reynolds
(Bloomberg) — Reserve Bank of Australia announces policy
decision in Melbourne Tuesday.
* Governor Philip Lowe: “It is reasonable to expect that an
extended period of low interest rates will be required in
Australia to reach full employment and achieve the inflation
target. The Board will continue to monitor developments,
including in the labour market, and is prepared to ease monetary
policy further if needed to support sustainable growth in the
economy, full employment and the achievement of the inflation
target over time.”
* NOTE: The RBA was widely expected to reduce the cash rate
today as it seeks to shield the economy from a slew of global
risks, and after Australia’s unemployment rate edged higher.
* RBA Seen Cutting Rates Again as Lowe Keeps Cards Close to
Chest
To contact the reporter on this story:
Garfield Reynolds in Sydney at greynolds1@bloomberg.net
To contact the editor responsible for this story:
Mark Cudmore at mcudmore8@bloomberg.net
