RBA May Signal Rate Cuts in 2015

The Reserve Bank of Australia (RBA) is addressing speculation about a potential cash rate cut due to economic factors like the collapse in iron ore prices and rising unemployment. The RBA's discussions are closely analyzed, with some analysts suggesting an easing bias. The falling iron ore prices have significantly impacted the budget deficit, and the RBA aims for a lower Australian dollar. However, RBA Governor Glenn Stevens notes no complaints about high money costs or financing issues. As 2015 approaches, the direction of the cash rate is a hot topic.

What event disrupted the usual media lock-up for the RBA's minutes release?

• A natural disaster

• Technical difficulties

• An armed siege nearby

• A public holiday

Which factor is NOT mentioned as contributing to the RBA's consideration of an easing bias?

• Budget deficit impact

• High inflation rates

• Rising unemployment

• Collapse in iron ore prices

What is the RBA's target for the Australian dollar to assist economic conditions?

• Around 75 cents

• Above 80 cents

• Below 70 cents

• Exactly 78 cents

What has been the cash rate in Australia for the past 16 months?

• 2.5%

• 3.5%

• 1.5%

• 4.0%

Who is the RBA governor mentioned in the transcript?

• Angie

• Glenn Stevens

• Bill Evans

• Joe Hockey