RBA announces June cash rate – a new record low!

Mortgage rate cuts are on the cards after the Reserve Bank dropped the official cash rate for the first time in almost three years.  The Reserve Bank of Australia (RBA) has cut the official cash rate to 1.25 per cent, following its monetary policy board meeting. The central bank’s decision was predicted by most [...]

By |2019-06-04T05:31:45+00:00June 4th, 2019|Home & Investment Lending, Interest Rates, RBA|0 Comments

RBA announces May cash rate decision

The central bank’s cash rate decision has been revealed, following its monthly monetary policy board meeting.  The Monetary Policy Decision full statement by Philip Lowe, RBA Governor can be found here. https://www.rba.gov.au/media-releases/2019/mr-19-11.html Despite many economists expecting a cut, the Reserve Bank of Australia (RBA) has held the official cash rate at 1.5 per cent. [...]

By |2019-05-07T07:01:39+00:00May 7th, 2019|Home & Investment Lending, Interest Rates, RBA|0 Comments

Cash rate announced ahead of federal budget

The RBA has revealed its cash rate decision for April ahead of the release of the federal budget this evening. Following its monthly board meeting, the Reserve Bank of Australia (RBA) has announced that it has held the official cash rate at 1.5 per cent. It has been two and a half years (August 2016) [...]

By |2019-04-09T03:57:17+00:00April 2nd, 2019|Interest Rates, Uncategorized|0 Comments

RBA sets new record for interest rates

The Reserve Bank of Australia (RBA) has held the cash rate at its historic low of 1.5% for the 24th consecutive month. It is the longest period of interest rate stability on record. The Bank's central forecast for the Australian economy also remains unchanged with GDP growth expected to average a little over 3% in [...]

By |2018-08-07T05:36:19+00:00August 7th, 2018|Interest Rates, RBA|0 Comments

RBA won’t be pressured into hiking interest rates

Amidst the increases of interest rates in other parts of the globe, Reserve Bank of Australia governor Philip Lowe slammed calls for an interest rate hike and said the bank would not introduce cash rate changes anytime soon. In his opening remarks at the A50 forum in Sydney, Lowe said Australia does not need to [...]