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

Disparity between RBA and bank rates confusing mortgagors

Here is an article discussing the disparity between RBA and bank rates from Annie Kane for The Advisor. Consumers are increasingly caught in ‘camp confusion’ as lenders increase their interest rates despite the cash rate being at its record-low level for the tenth month in a row. Mortgage broker network 1300HomeLoan said, however, that the [...]

By |2017-06-08T01:53:16+00:00June 8th, 2017|Interest Rates, RBA|0 Comments

RBA continues with a stable cash rate again

Once again, the Reserve Bank of Australia has kept interest rates on hold. The current cash rate of 1.50% will not change for at least another month. It has now been at this rate for 7 months. This outcome was widely predicted, though many economists believe this will be the year that rates begin to [...]

By |2017-04-24T03:26:30+00:00April 4th, 2017|Interest Rates, RBA|0 Comments
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