The Australian dollar has plunged again, after the Reserve Bank dramatically revised down its economic forecasts amid the ongoing property market correction
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Aussie dollar tumbles after RBA chief hints at interest rate cutThe Australian dollar falls sharply after the Reserve Bank governor concedes there is a roughly equal chance the next move in interest rates might be a cut due to growing economic risks.
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RBA says it could cut interest rates over weakening economyBreaking: The RBA says it may cut official interest rates, with governor Philip Lowe saying the economy could be weaker than it had expected
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RBA says it could cut interest rates over weakening economyBREAKING: The Reserve Bank of Australia has revealed it may cut official interest rates, with governor Philip Lowe saying the economy could be weaker than it had expected
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RBA could slash rates to record low amid slowing economy fears | Sky News AustraliaThe Reserve Bank could slash interest rates to their lowest point since the 1950s just days out from the federal election over fears of a slowing economy.\n\nThe RBA has previously indicated the next rates move would be up but Governor Philip Lowe has admitted that a slowing property market and lower spending are putting the economy at risk.\n\nThe current rate sits at 1.5 per cent with the RBA board expected to meet on May 7 after the release of new inflation figures in April.\n\nPrime Minister Scott Morrison has already warned the economy is facing headwinds with economic management shaping up to be a key issue in the contest against Opposition Leader Bill Shorten.\n\n\n\n\n\n\n\n\n
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ASX to rise, ahead of RBA governor's speech on 'The Year Ahead'The local share market is expected to open moderately higher, ahead of a key speech by the Reserve Bank governor on the risks ahead for the economy in 2019.
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RBA holds interest rate at 1.5 per cent | Sky News AustraliaThe Reserve Bank of Australia has kept the official cash rate on hold at 1.5 per cent at its first board meeting of the year.\n\nRates have now been on hold at the record low for 30 months straight.\n\n\nVision: Your Money\n\n\n\n\n\n
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Aussie actor’s unexpected side jobWhile he does believe he looks like George Clooney and Chris Hemsworth — Ray Meagher is not taking up modelling.
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