The RBA has made its latest decision on monetary policy as house prices skyrocket and bond yields rise.
The RBA has left interest rates on hold at 0.1 per cent, saying that while it was monitoring the housing market and economic recovery it remains committed to its current policy settings.
“These various monetary measures are continuing to help the economy by keeping financing costs very low, contributing to a lower exchange rate than otherwise, and supporting the supply of credit and household and business balance sheets. Together, monetary and fiscal policy are contributing to the recovery in aggregate demand and the pick-up in employment,” RBA Governor Philip Lowe wrote.
Governor Lowe has signalled that interest rates are unlikely to rise for several years.
There were 25 winners at the first-ever Australian Wealth Management Awards, held in Sydney tonight. The Australian ...
The shadow treasurer says there was an opportunity to improve the advice industry with the Delivering Better Financial ...
Superannuation funds have thrown their support behind the reforms but want a “clear statement” that they will not be ...
Never miss the stories that impact the industry.
Get the latest news! Subscribe to the ifa bulletin