Australian rates likely to remain unchanged

AUSTRALIA - Australia's central bank governor said on 11 May that interest rates will be cut again only if there is a dramatic threat to the U.S. and global economies.

Central bank governor Ian Macfarlane told an Australian parliamentary committee that the 1.25 percentage points of rate cuts this year should be enough to rescue the domestic economy and prevent a recession.

There is a "reasonable chance that the current stance of policy will turn out to be easy enough to achieve the desired results

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.