RBA再度宣佈降息 一次降4碼 - 紐澳

http://www.rba.gov.au/MediaReleases/2008/mr_08_27.html

STATEMENT BY GLENN STEVENS, GOVERNOR
MONETARY POLICY
At its meeting today, the Board decided to reduce the cash rate by a further
100 basis points, to 4.25 per cent, effective 3 December 2008.

Recent actions by governments and central banks to stabilise their respective
financial systems have begun to take effect. Nonetheless, financial market
sentiment remains fragile, as evidence accumulates of weak economic
conditions in the major countries and a significant slowing in many emerging
countries. Commodity prices have fallen further. This, combined with the
likelihood of below-trend growth in the global economy, suggests that global
inflation will moderate significantly in 2009.

The Australian economy has been more resilient than other advanced economies,
but recent data nonetheless indicate that a significant moderation in demand
and activity has been occurring. With confidence affected by the financial
turbulence and a decline in the terms of trade now under way, more cautious
behaviour by both households and businesses is likely to see private demand
remain subdued in the near term. With that outlook, and with capacity
pressures now easing, it is likely that inflation in Australia will soon
start to fall. Global disinflationary forces will assist in this regard,
though the depreciation of the exchange rate means that the decline of
inflation to the target could take longer than would otherwise have been the
case.

Weighing up the international and domestic developments of recent months, the
Board judged that a further significant reduction in the cash rate was
warranted now, to take monetary policy to an expansionary setting. As a
result of today’s decision, the cash rate will be at its previous cyclical
low point. Given trends in money market yields, most lending rates should
fall significantly and will also reach below-average levels.

There has now been a major easing in monetary policy over the past few
months. Together with the spending measures announced by the Government, and
a large fall in the Australian dollar exchange rate, significant policy
stimulus will be supporting demand over the year ahead. The Board will
continue to monitor developments and make adjustments as needed to promote
sustainable growth consistent with achieving the 2–3 per cent inflation
target over time.

一次降息100個basis point
希望能把現在的inflation rate 5% 控制到 2-3%

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