Australia RBA Interest Rate Decision below expectations (2%): Actual (1.75%)

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May 3, 2016

Central Banks: Ultra-low/negative interest rates failing to achieve growth - Rabobank

Michael Every, Head of Financial Markets Research at Rabobank, suggests that the ultra-low/negative interest rates appear to be failing to achieve their primary goal – to boost productive borrowing and hence growth– and have lots of worrying side effects that get worse as rates continue to decline, and which will only get worse over time.

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May 3, 2016

RBA cuts interest rates by 25bp to 1.75%

The Reserve Bank of Australia cut interest rates by 25bp from 2% to 1.75%, noting that prospects for sustainable growth in the economy, with inflation returning to target over time, would be improved by easing monetary policy at this meeting.

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