Reserve Bank of Australia: RBA cuts the cash rate to all-time low of 1.5% (1 Viewer)

[BLIT2014]

For those entering trials and preparing for HSC this year I would suggest that you visit https://www.theguardian.com/busines...stralia-rba-meets-to-decide-on-cash-rate-live and consider the broader implications/reasons for RBA cutting the cash rate.

 

[turntaker]

Ty

 

[si2136]

Good for prop. investors, bad for travelling after HSC

 

[BandSixFix]

Good for prop. investors, bad for travelling after HSC

Might affect foreign investment into Aus potentially decreasing the demand for AUD that'll lead to a depreciation of the AUD but its impacts will be two fold; One one hand exports will be highly competitive potentially improving BOGS and improving the CAD while also allowing domestic consumers to spend less on imports and instead divert consumption into domestic substitutes -> but may also risk imported inflation and the cost to buy imports will increase and will thus be reflected in the increased prices businesses put out.

 

[si2136]

Might affect foreign investment into Aus potentially decreasing the demand for AUD that'll lead to a depreciation of the AUD but its impacts will be two fold; One one hand exports will be highly competitive potentially improving BOGS and improving the CAD while also allowing domestic consumers to spend less on imports and instead divert consumption into domestic substitutes -> but may also risk imported inflation and the cost to buy imports will increase and will thus be reflected in the increased prices businesses put out.

Yeah will defs affect overseas investors, but not Aussie ones.

 

[Nailgun]

Might affect foreign investment into Aus potentially decreasing the demand for AUD that'll lead to a depreciation of the AUD but its impacts will be two fold; One one hand exports will be highly competitive potentially improving BOGS and improving the CAD while also allowing domestic consumers to spend less on imports and instead divert consumption into domestic substitutes -> but may also risk imported inflation and the cost to buy imports will increase and will thus be reflected in the increased prices businesses put out.

In regular english, so like buying shit from overseas will be more expensive whereas overseas people buying shit here will be cheap?

 

[Paradoxica]

In regular english, so like buying shit from overseas will be more expensive whereas overseas people buying shit here will be cheap?

I don't see how that's any different from the past 20 years.

 

[baktiar77]

I don't see how that's any different from the past 20 years.

Well we did enjoy that half-year or so period when AUD was on parity if not higher than USD and thankfully electronic retailer reduced prices of TVs and computers just slightly.

I'm sure those that did online shopping and car imports also rejoiced for that little while.

 

[BandSixFix]

In regular english, so like buying shit from overseas will be more expensive whereas overseas people buying shit here will be cheap?

Ye basically !!