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The RBA Board meets regularly, and following each meeting, a media release is issued at 2:30 pm Sydney Time announcing any changes to the Cash Rate Target, which take effect the next day. [2] They meet eight time a year as of 2024 instead of 11 in prior years. Previously they would meet the first Tuesday of the month excluding January.
The Politburo meeting announcement, as it related to the policy stance, "adopted (the) strongest tone in decades," said Chen Shujin, head of China financial and property research at Jefferies.
The longest-serving governor, if his service to both the Commonwealth Bank and the Reserve Bank of Australia are included, is H.C. Coombs, who served nineteen years and six months combined. [9] He is regarded by some as one of the most committed anti-inflationists in government throughout the 1950s and 1960s. [ 16 ]
"I think the market is looking to see if CPI influences the decision on the December meeting, which right now is pretty much close to 100% priced, but not 100% priced." The U.S. dollar rose 0.47% ...
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The Reserve Bank of Australia slashes its official cash rate to a historic low 0.1%, in an attempt to boost spending in the economy and address the high rate of unemployment caused by the COVID-19 pandemic. It is also expected that the cash rate will not go up for at least another three years. (The Guardian)
The Reserve Bank of Australia announces it will leave the interest rate steady at 4.35%. [279] 8 May – Police in Indonesia intercept a boat at Kupang, suspecting it was being used by people smugglers allegedly attempting to transport six Chinese men to Australia. [280]
When is the next Fed meeting? The next Federal Reserve meeting will be held from Nov. 6 through 7. Your wallet, explained. Sign up for USA TODAY's Daily Money newsletter. Federal Reserve 2024 ...