Today the Reserve Bank of Australia met and decided to leave official interest rates on hold. As widely predicted, the RBA will wait and see how the economy performs in the next few months before making any changes. Economists are still split if the next move will be up or down, but it’s not likely [...]
Good afternoon! As expected, the Reserve Bank of Australia met this afternoon and left official cash rates on hold. Given they only dropped rates last month, it’s common for them to wait and see the economic impact of the previous cut before making any further changes. More importantly for you, each of our major lenders [...]
The Reserve Bank of Australian (RBA) announced they will be dropping official interest rates by 0.25%, which is great news for those of us with home loans. The RBA listed low commodity prices and low inflation as the main drivers behind their decision. They also feel that housing price growth has slowed (especially in capital [...]
As expected, the Reserve Bank of Australia (RBA) decided to leave official interest rates on hold this afternoon. The RBA seems content with the way our economy is performing, but has mentioned they will continue to watch the Australian Dollar closely to ensure it doesn’t rise above their preferred range. If it does, another rate [...]
On the first day of Autumn, the Reserve Bank has left official interest rates on hold, no surprises there. Somewhat surprising are the growing number of experts who are now predicting the next interest rate move will be down. Whilst most major city property markets have remained strong despite fear of ‘property bubbles’, some experts [...]
It’s our first RBA update for 2016, and we hope you enjoyed your festive season and are looking forward to a happy and fruitful year ahead. The Reserve Bank of Australia held their first meeting of the year today, and as expected they left official interest rates on hold. Economic experts are split when predicting [...]
As expected, the Reserve Bank of Australia left the cash rate on hold today at 2.0 per cent. The central bank has not been swayed by recent global market volatility, holding to its stance of further monitoring the Australian economy before deciding its next move. The prediction from most economists is for a period of stability, with [...]
The Reserve Bank of Australia has left the cash rate unchanged at 2 per cent for the third month in a row, a decision that was widely expected. The move caused an immediate jump in the Australian dollar by half a cent to 73.4 US cents from around 72.9, reflecting that the central bank's next [...]
The Reserve Bank of Australia has left the cash rate unchanged at 2 per cent after last month's drop by 25 basis points for the second time this year. The decision by the RBA comes at no surprise to economists who tipped a third cut in the cycle was unlikely despite the Bank's shift to [...]
