You cannot see this page without javascript.

주요국기준금리

|  주요국 중앙은행 금리발표 관련 자료실입니다

호주

RBA, 기준금리 인하-20191001

Extra Form
기준금리 0.75%

Statement by Philip Lowe, Governor: Monetary Policy Decision

 

At its meeting today, the Board decided to lower the cash rate by 25 basis points to 0.75 per cent.

While the outlook for the global economy remains reasonable, the risks are tilted to the downside. The US–China trade and technology disputes are affecting international trade flows and investment as businesses scale back spending plans because of the increased uncertainty. At the same time, in most advanced economies, unemployment rates are low and wages growth has picked up, although inflation remains low. In China, the authorities have taken further steps to support the economy, while continuing to address risks in the financial system.

Interest rates are very low around the world and further monetary easing is widely expected, as central banks respond to the persistent downside risks to the global economy and subdued inflation. Long-term government bond yields are around record lows in many countries, including Australia. Borrowing rates for both businesses and households are also at historically low levels. The Australian dollar is at its lowest level of recent times.

The Australian economy expanded by 1.4 per cent over the year to the June quarter, which was a weaker-than-expected outcome. A gentle turning point, however, appears to have been reached with economic growth a little higher over the first half of this year than over the second half of 2018. The low level of interest rates, recent tax cuts, ongoing spending on infrastructure, signs of stabilisation in some established housing markets and a brighter outlook for the resources sector should all support growth. The main domestic uncertainty continues to be the outlook for consumption, with the sustained period of only modest increases in household disposable income continuing to weigh on consumer spending.

Employment has continued to grow strongly and labour force participation is at a record high. The unemployment rate has, however, remained steady at around 5¼ per cent over recent months. Forward-looking indicators of labour demand indicate that employment growth is likely to slow from its recent fast rate. Wages growth remains subdued and there is little upward pressure at present, with increased labour demand being met by more supply. Caps on wages growth are also affecting public-sector pay outcomes across the country. A further gradual lift in wages growth would be a welcome development. Taken together, recent outcomes suggest that the Australian economy can sustain lower rates of unemployment and underemployment.

Inflation pressures remain subdued and this is likely to be the case for some time yet. In both headline and underlying terms, inflation is expected to be a little under 2 per cent over 2020 and a little above 2 per cent over 2021.

There are further signs of a turnaround in established housing markets, especially in Sydney and Melbourne. In contrast, new dwelling activity has weakened and growth in housing credit remains low. Demand for credit by investors is subdued and credit conditions, especially for small and medium-sized businesses, remain tight. Mortgage rates are at record lows and there is strong competition for borrowers of high credit quality.

The Board took the decision to lower interest rates further today to support employment and income growth and to provide greater confidence that inflation will be consistent with the medium-term target. The economy still has spare capacity and lower interest rates will help make inroads into that. The Board also took account of the forces leading to the trend to lower interest rates globally and the effects this trend is having on the Australian economy and inflation outcomes.

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.



List of Articles
No. 기준금리 Category Subject Views
Notice 미국 2019년 미국FOMC회의일정 공지 file 984
Notice 한국 2020년 한은 금통위 기준금리 회의일정 (2005년~2020년) file 3437
Notice 한국 한국은행 기준금리 변동추이 (1999~2019) 3146
275 0.1% 영국 영란은행 기준금리동결-20200507 2 file 34
274 0.25% 호주 RBA 기준금리동결-20200505 2 file 25
273 0.00% 유로존 ECB통화정책회의 기준금리동결-20200430 2 file 28
272 0.00%~0.25% 미국 미 연준 기준금리 동결-20200430 2 file 34
271 0.25% 캐나다 BOC 기준금리 동결-20200415 1 file 42
270 0.75% 한국 한국은행 기준금리 동결 -20200409 file 20
269 0.25% 호주 RBA 기준금리동결-20200407 2 file 30
268 0.1% 영국 영란은행 기준금리 동결-2020326 1 file 24
267 0.75% 한국 한국은행 기준금리 인하 -20200316 30
266 0.00%~0.25% 미국 미 연준 기준금리 인하 - 20200315 2 36
265 0.00% 유로존 ECB통화정책회의 기준금리동결-20200312 2 30
264 0.25% 영국 영란은행 기준금리 인하-2020311 1 30
263 1.25% 캐나다 BOC 기준금리인하-20200304 29
262 1.00%~1.25% 미국 미 연준 기준금리 인하 - 20200303 (unscheduled) 22
261 1.25% 한국 한국은행 기준금리 동결-2020227 23
260 0.75% 호주 RBA 기준금리동결-20200204 1 40
259 0.75% 영국 영란은행 기준금리 동결-20200130 29
258 1.50% ~ 1.75% 미국 미 연준 기준금리 동결 - 20200129 1 36
257 0.00% 유로존 ECB통화정책회의 기준금리동결-20200123 2 41
256 1.75% 캐나다 BOC 기준금리동결-20200122 26
255 -0.1% 일본 일본은행, -0.10%로 기준금리 동결-20200121 21
254 1.25% 한국 한국은행 기준금리 동결-20200117 27
253 0.75% 영국 영란은행 기준금리 동결-20191219 1 41
252 0.00% 유로존 ECB통화정책회의 기준금리동결-20191212 2 35
251 1.50% ~ 1.75% 미국 미 연준 기준금리 동결 - 20191211 1 31
250 1.75% 캐나다 BOC 기준금리동결-20191204 1 28
249 0.75% 호주 RBA 기준금리동결-20191203 1 26
248 0.75% 영국 영란은행 기준금리 동결-20191107 1 33
247 0.75% 호주 RBA, 기준금리 동결-20191105 1 28
246 -0.10% 일본 일본은행, -0.10%로 기준금리 동결-20191031 1 24
245 1.50% ~ 1.75% 미국 미 연준 기준금리 인하 - 20191030 2 76
244 1.75% 캐나다 BOC 기준금리동결-20191030 1 38
243 0.00% 유로존 ECB통화정책회의 기준금리동결-20191024 1 29
242 1.25% 한국 한국은행 기준금리 인하 -20191016 18
» 0.75% 호주 RBA, 기준금리 인하-20191001 2 41


Board Pagination Prev 1 2 3 4 5 6 7 8 Next
/ 8