The RBA has cut the cash rate to 0.25 per cent … CANBERRA, Australia (AP) — Australia’s central bank on Tuesday cut its benchmark interest rate by 0.15 of a percentage point to a record low 0.10% in a bid to lift the economy from a pandemic-induced recession. The term ‘cash rate’ is primarily used in Australia and New Zealand, and has the same meaning as ‘ … w w w . In addition, the discount rates to be used for provisions of companies in the context of retirement benefit obligations pursuant to Section 253 (2) of the German Commercial Code are provided. We use necessary cookies to make our site work (for example, to manage your session). Central Banks google_ad_width = 160; The Reserve Bank of Australia on Tuesday cut its official cash rate to near zero and announced a 100 billion Australian dollar (US$70.57 billion) quantitative easing … SYDNEY (Reuters) - The Reserve Bank of Australia (RBA) will likely hold its cash rate at a historic low of 0.1% at its monthly policy meeting on Dec. 1, showed a Reuters poll of 15 economists. //--> Data Source: International Central Banks The central bank is also likely to maintain its A$100 billion ($73.93 billion) quantitative easing programme, buying five- to 10-year government bonds, the poll showed. SYDNEY (Reuters) - The Reserve Bank of Australia (RBA) will likely hold its cash rate at a historic low of 0.1% at its monthly policy meeting on Dec. 1, showed a Reuters poll of 15 economists. c o m, World As your community bank, we are committed to what is Central to you. c b r a t e s . The Reserve Bank of Australia (RBA) will likely hold its cash rate at a historic low of 0.1% at its monthly policy meeting on Dec. 1, showed a Reuters poll of 15 economists. /* 160x600, Erstellt 20.11.08 */ m Twitter. 0.1 % 3-year AGS target. google_ad_client = "pub-5266557115476997"; A change in the bank rate is followed by a corresponding change in the market rate. to maintain financial stability and the stability of the Australian dollar; to contribute to the economic development and wealth of the inhabitants of Australia; to act as banker for the Australian government; to manage Australia’s foreign currency reserves. The Governing Council of the ECB sets the key interest rates for the euro area: The interest rate on the main refinancing operations (MRO), which provide the bulk of liquidity to the banking system.