RBA under review as miners and banks lower Australian shares

RBA under review as miners and banks lower Australian shares

Bytrendsha.com

Monday’s little dip in Australian shares coincided with losses in big-cap mining and finance companies, just as investors were getting ready for Tuesday’s much-awaited central bank (RBA) policy announcement. The S&P/ASX 200 index fell 0.3% to 7,647.0 by 2351 GMT, signalling a third day of losses. A Reuters poll of economists predicts that the Reserve Bank of Australia (RBA) will…

The RBA pauses interest rates at 4.35% in its December meeting

The RBA pauses interest rates at 4.35% in its December meeting

Bytrendsha.com

The Reserve Bank of Australia (RBA) provided much-needed insurance to Australian customers against potential mortgage troubles just before Christmas. In response to signs that inflation was starting to decrease, the Australian central bank agreed to cease hiking interest rates during its last meeting of 2023 on Tuesday afternoon. The Reserve Bank of Australia (RBA) stunned Australian households in October of…