Reserve Bank of Australia

RBA Policy Meeting - Short and Medium Term Outlook

The RBA has already had two rate cuts this year, in May and August, at a record low of 1.50%, to boost the country’s inflation and confront as painlessly as possible the decline of the mining sector. Since the last quarter of 2014, inflation stacked below the central bank’s 2% - 3% inflation target range and the easing policy barely helped the growth of consuming prices from a further slowdown. An additional reason for the RBA’s easing policy is the depreciation of its domestic currency in order to boost export of Australian goods and services.

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The World Interest Rates Table

The World Interest Rates Table reflects the current interest rates of the main countries around the world, set by their respective Central Banks. Rates typically reflect the health of individual economies, as in a perfect scenario, Central Banks tend to rise rates when the economy is growing and therefore instigate inflation.