Australia's interest rate unchanged at 4.1 pct for 3rd month

**This is a 60-seconds sample of the video. For the full version, please contact us.**

Australia's interest rate unchanged at 4.1 pct for 3rd month

STORY: Australia's interest rate unchanged at 4.1 pct for 3rd month DATELINE: Sept. 6, 2023 LENGTH: 00:00:59 LOCATION: SYDNEY, Australia CATEGORY: ECONOMY SHOTLIST: 1. various of Reserve Bank of Australia (RBA) 2. various of estate industry of Australia STORYLINE: The Reserve Bank of Australia (RBA) decided on Tuesday to leave the cash rate target unchanged at 4.1 percent, with the interest rate paid on Exchange Settlement balances staying at 4.00 percent. This marked the third straight month that RBA put the interest rate on hold from July. Wrapping up a monetary policy meeting, RBA Governor Philip Lowe noted in a statement that interest rates have been increased by 4 percentage points since May last year. "The higher interest rates are working to establish a more sustainable balance between supply and demand in the economy and will continue to do so. In light of this and the uncertainty surrounding the economic outlook, the Board again decided to hold interest rates steady this month," said Lowe. The

  • Product Code
  • ILEA001684509
  • Registered date
  • 2023/9/06 00:00:00
  • Credit
  • Xinhua / Kyodo News Images
  • Media source
  • Xinhua News Agency.All Rights Reserved
  • Media size
  • 1920 × 1080 pixel
  • Deployment size
  • 65.33(MB)*
  • Special instruction

*File size when opened in Photoshop, etc.

Similar Images & Videos

    South African Reserve Bank releases 2024 Monetary Policy Review

    STORY: South African Reserve Bank releases 2024 Monetary Policy Review SHOOTING TIME: April 24, 2024 DATELINE: April 27, 2024 LENGTH: 00:02:52 LOCATION: JOHANNESBURG, South Africa CATEGORY: ECONOMY SHOTLIST: 1. various of the meeting 2. SOUNDBITE 1 (English): LESEJA KGANYAGO, Governor of SARB 3. various of the meeting 4. SOUNDBITE 2 (English): WITNESS SIMBANEGAVI, Economic Research department of the South African Reserve Bank STORYLINE: The South African Reserve Bank (SARB) released its 2024 Monetary Policy Review on Wednesday, indicating that headline inflation is only expected to return to the mid-point of the target band in the last quarter of 2025. South Africa's inflation target range is 3 to 6 percent. The report said that amid slower-than-expected disinflation in food and volatility in fuel prices, headline inflation had fluctuated in the range of 5-6 percent over the past six months. In terms of growth, the SARB anticipates that real GDP will increase to 1.2 percent this year. SOUNDBITE 1 (Engli

      Bank of Japan keeps interest rate unchanged, yen sinks below 156

      STORY: Bank of Japan keeps interest rate unchanged, yen sinks below 156 SHOOTING TIME: file DATELINE: April 27, 2024 LENGTH: 00:01:37 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of Bank of Japan 2. various of city view in Tokyo 3. various of fresh food in supermarkets 4. various of city view in Tokyo STORYLINE: The Japanese central bank on Friday maintained its policy rate unchanged after wrapping up its two-day policy meeting, which sent the Japanese yen to its fresh 34-year low past the 156 line. The Bank of Japan (BOJ) decided to guide short-term interest rates in a range of zero and 0.1 percent, a month after it ended the negative interest rate policy in its first rate hike in 17 years. The announcement weakened the country's currency against the U.S. dollar to the lowest level since May 1990, raising the risk of forex intervention by Japanese authorities. The BOJ, which also maintained its policy regarding government bond buying, said the country's core inflation, which excludes volatile

        Turkish central bank keeps policy rate unchanged at 50 pct

        STORY: Turkish central bank keeps policy rate unchanged at 50 pct SHOOTING TIME: Earlier footage DATELINE: April 26, 2024 LENGTH: 00:01:04 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Turkish Central Bank 2. various of Turkish lira STORYLINE: Türkiye's central bank on Thursday kept its interest rate unchanged at 50 percent, saying that the monetary policy decisions in March have led to a significant tightening in financial conditions. "Considering the lagged effects of the monetary tightening, the committee decided to keep the policy rate unchanged, but reiterated that it remains highly attentive to inflation risks," the bank said in a statement, adding that it will maintain the tight monetary stance until a significant and sustained decline in monthly inflation is observed. Despite the ongoing decline, the underlying trend of monthly inflation in March was higher than expected, the statement said. "While imports of consumer goods and gold contribute to the improvement in the current

          Hong Kong charts 1.5-fold YoY increase in tourist arrivals in Q1

          STORY: Hong Kong charts 1.5-fold YoY increase in tourist arrivals in Q1 SHOOTING TIME: file DATELINE: April 17, 2024 LENGTH: 00:00:33 LOCATION: HONG KONG, China CATEGORY: TOURISM SHOTLIST: 1. various of people at the check points 2. various of people in the streets of Hong Kong 3. various of firework show in Hong Kong STORYLINE: Hong Kong recorded over 11.23 million visitor arrivals in the first quarter this year, a 1.5-fold increase year-on-year and a 5-percent quarter-on-quarter hike, the Hong Kong Tourism Board (HKTB) announced on Tuesday, citing preliminary statistics. The figure reflects that the number of tourists registered a steady growth, the HKTB said. There were some 3.4 million tourist arrivals in March, up 40 percent from the previous year. Among them, more than 2.46 million were from the Chinese mainland, a year-on-year increase of 25.4 percent. Non-mainland visits exceeded 930,000, up 92.1 percent year-on-year, it added. The Tourism Board also announced that starting from May, it

            ECB leaves interest rates unchanged

            STORY: ECB leaves interest rates unchanged SHOOTING TIME: April 11, 2024 DATELINE: April 12, 2024 LENGTH: 00:01:53 LOCATION: FRANKFURT, Germany CATEGORY: ECONOMY SHOTLIST: 1. various of the European Central Bank 2. various of the EBC press conference 3. SOUNDBITE (English): CHRISTINE LAGARDE, ECB President 4. various of the European Central Bank STORYLINE: The European Central Bank (ECB) on Thursday decided to leave key interest rates unchanged after its regular rate-setting meeting in Frankfurt, Germany. The three key interest rates are still hovering at historically high levels. The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility remain unchanged at 4.5 percent, 4.75 percent and 4 percent respectively, the ECB announced in a statement. SOUNDBITE (English): CHRISTINE LAGARDE, ECB President "So in conclusion, the governing council today decided to keep the three key ECB interest rates unchanged. We are determined to ens

              ADB forecasts 4.9 pct growth for developing Asia and Pacific in 2024, 2025

              STORY: ADB forecasts 4.9 pct growth for developing Asia and Pacific in 2024, 2025 SHOOTING TIME: April 11, 2024 DATELINE: April 12, 2024 LENGTH: 00:02:02 LOCATION: Manila CATEGORY: ECONOMY SHOTLIST: 1. various of Makati City 2. various of ADB headquarters 3. various of aerial footage of Manila STORYLINE: Asia and the Pacific's economy remains strong, with the growth rate in the region's developing economies projected at 4.9 percent in 2024 and 2025, the Asian Development Bank (ADB) Thursday said in its latest outlook report. Despite uncertainties in the external environment, including escalating geopolitical tensions, the outlook "is broadly positive," said ADB in the annual flagship outlook report. The end of interest rate hiking cycles in most economies, as well as continued recovery in goods exports from an upturn in the semiconductor cycle, will support growth, ADB Chief Economist Albert Park said in the report. Stronger growth in South Asia and Southeast Asia will lead the region's perform

                India's central banking institution keeps repo rate unchanged at 6.5 pct for 7th time in row

                STORY: India's central banking institution keeps repo rate unchanged at 6.5 pct for 7th time in row SHOOTING TIME: April 5, 2024 DATELINE: April 6, 2024 LENGTH: 00:01:13 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India Gate 2. various of RBI building 3. various of banks 4. various of market area STORYLINE: India's central banking institution, the Reserve Bank of India (RBI), on Friday announced it has kept the repo rate unchanged at 6.5 percent. The repo rate is the rate at which the central bank lends money to commercial banks in the event of a shortfall of funds. This is the seventh time in a row the six-member Monetary Policy Committee (MPC) has decided to keep the key rates unchanged. According to the RBI, these decisions are in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 percent within a band of plus or minus 2 percent, while supporting growth. Meanwhile, the real GDP growth for 2024-25 is projected at 7.0 perce

                  Nigeria's central bank raises interest rate to 24.75 pct

                  STORY: Nigeria's central bank raises interest rate to 24.75 pct SHOOTING TIME: March 26, 2024 DATELINE: March 28, 2024 LENGTH: 00:00:56 LOCATION: Abuja CATEGORY: ECONOMY SHOTLIST: 1. various of Abuja 2. various of aerial shots of the Central Bank of Nigeria 3. various of Abuja 4. various of the meeting attended by Yemi Cardoso 5. SOUNDBITE (English): YEMI CARDOSO, Governor of Central Bank of Nigeria STORYLINE: The Central Bank of Nigeria (CBN) on Tuesday further raised the monetary policy rate by 200 basis points to 24.75 percent amid rising inflation in the most populous African country. The move, made barely one month after it raised the interest rate to 22.75 percent, was in consideration of the current inflationary pressures and the need to anchor inflation expectations as well as ensure sustained exchange rate stability, CBN Governor Yemi Cardoso, who chairs the Monetary Policy Committee, told the media at the end of a meeting in the capital of Abuja. SOUNDBITE (English): YEMI CARDOSO, Governo

                    Turkish central bank raises policy interest rate to 50 pct

                    STORY: Turkish central bank raises policy interest rate to 50 pct SHOOTING TIME: November 2023 and March 2024 DATELINE: March 22, 2024 LENGTH: 00:01:25 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of the Turkish Central Bank (Nov. 30, 2023) 2. various of the Turkish lira (Nov. 30, 2023) 3. various of people at a shopping mall in Türkiye (March 19 2024) (courtesy of ihlas news agency) 4. various of people at a supermarket in Türkiye (March 14, 2024) (courtesy of Ankara Metropolitan Municipality) 5. various of the Turkish lira (Nov. 30, 2023) 6. various of Fatih Karahan, governor of Turkish Central Bank (March 12, 2024) (courtesy of ihlas news agency) 7. various of the Turkish Central Bank (Nov. 30, 2023) STORYLINE: Türkiye's central bank has resumed its interest rate hikes, increasing the policy rate by 500 basis points to a substantial 50 percent, the bank said in a statement on Thursday. The move came as the bank aimed to tackle the persistent inflation that has been higher than anticipated

                      Mexico's central bank cuts interest rate for 1st time in 3 years

                      STORY: Mexico's central bank cuts interest rate for 1st time in 3 years SHOOTING TIME: Archives DATELINE: March 22, 2024 LENGTH: 00:01:15 LOCATION: Mexico City CATEGORY: ECONOMY SHOTLIST: 1. aerial view of Mexico City 2. various of the banks in Mexico 3. various of banknotes STORYLINE: The Central Bank of Mexico (Banxico) on Thursday reduced its benchmark interest rate for the first time in three years. The benchmark interest rate was reduced by 0.25 percentage points to 11.0 percent, the central bank said in a statement. Banxico said it made the decision due to a disinflationary process in the country, despite the presence of upside risks. According to the most recent official data, headline inflation in Mexico was 4.40 percent year-on-year through February. The reduction came a year after Banxico's five-member board raised the benchmark rate to 11.25 percent. Xinhua News Agency correspondents reporting from Mexico City. (XHTV)