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Reserve Bank interest rate cut a clear sign Australia’s economy is in trouble

The U.S. Treasury yield curve temporarily inverted on Wednesday for the first time since June 2007 in a sign of investor concern that the world’s biggest economy could be. expectations of central.

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Liberal MP Tim Wilson has challenged the Reserve Bank to justify the effectiveness of its monetary policy by demanding to see evidence that further rate cuts will boost household spending. Load.

The Reserve Bank of Australia has cleared a path to an interest-rate cut in June, with minutes the central banks latest board meeting showing members believed deterioration in the job market would.

Sluggish wage growth to keep interest rates at record lows0:27. sluggish wages growth will keep interest rates at record lows when the Reserve Bank has its regular meeting on the 20th month of rates at 1.5 percent.

If this is the case in the months ahead, the Reserve Bank of Australia could be forced to announce another 25 bps rate cut by the end of the year. The Aussie dollar has fallen significantly in recent months and could stay under pressure if the central bank makes it clear that policy makers are keeping the door open to further monetary policy easing.

Reserve Bank of Australia (RBA) board members come to a consensus on where to set the rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in.

If the U.S. Central bank signals another rate cut in December, or if it goes against expectations and chops rates by 50 basis points, it could pull the rug out from under an already unsteady U.S. dollar and clear the way for the Canadian currency to shoot higher. Read More: loonie eyes 130-year high if Fed makes big rate cut

A fixed rate allows you to lock in an interest rate on your loan, typically for 1 to 5 years. This safeguards you against future interest rate rises. It also helps you plan your finances because you know exactly how much you will be repaying. The disadvantage is you won’t benefit from falling interest rates.

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The interest rate cut would also mark a shift from the Fed’s policy over the last few years. Last year, the board raised rates four times – and has done so a total of nine times since December.