Australian banks cut fixed mortgage rates as RBA seen on hold

(Reuters) - Two of Australia's biggest banks cut their fixed-rate home loans on Wednesday in a move analysts said reflected lower borrowing costs and expectations that the Reserve Bank of Australia will keep rates at record lows.

RBA says no immediate financial stability risks from house prices

The Reserve Bank of Australia does not see financial stability risks from rising house prices, but with its cash rate at a record low 2.5% it is actively monitoring the industry, according to comments from the biannual Financial Stability Review published Wednesday.

Central Banks Keep Easing After Cuts Fail to Spur Growth

Global central bankers are poised to ease monetary policy even further after a wave of interest-rate cuts from India to Poland.

Budget Surplus Best Defense for Australian Economy, Swan Says

Returning Australia’s budget to surplus is the best defense against an uncertain global economic outlook and will continue to support the nation’s top credit ratings, Treasurer Wayne Swan said.