How low can you go? Today, the Reserve Bank of Australia decided to lower the official cash rate. After two consecutive rate holds, the board decided to reduce the official cash rate by 25 basis points to 2.5%. The July cash rate was already at a historic low, but a drop to the Australian dollar [...]
With the Reserve Bank of Australia (RBA) still assessing the effects of previous rate cuts, the central bank decided to leave the official cash rate on hold at a historical low of 2.75%. The RBA last cut the cash rate – by a quarter of a percentage point – in May, having made four cuts [...]
The Reserve Bank of Australia today decided to keep the official cash rate on hold. The Board decided to keep the cash rate unchanged at 2.75%, for the second consecutive month. With confidence creeping back into the housing market and signs that the appetite for borrowing in the household sector is picking up, the central [...]
Cosy doesn't necessarily have to mean costly and here's why… Rising electricity prices, coupled with the soaring costs of living, have many people wondering, "How can I afford to beat the cold this winter?" Generally speaking, electricity bills tend to creep up during the cooler months, but staying cosy doesn't necessarily have to do damage [...]
If so, you're probably not the only one. New research has found that 9 out of 10 Australians harbour some kind of fear when it comes to their finances. A joint initiative of ANZ and Pacific Magazines, the Australia's Money Confidence Survey 2013 obtained data from 11,957 Australians to assess their confidence around personal finances. [...]
With the end of the financial year near at hand, it's time to think about how you plan to spend your tax refund for 2012/2013. When you start thinking about ways to get rid of those dollars from the ATO, new clothes or a new laptop obviously sound very appealing. But if you really want [...]
After moving interest rates to a 53 year low in May, the Reserve Bank of Australia (RBA) has decided to leave rates unchanged at its June board meeting. Earlier this month, the RBA elected to take a "wait and see" approach by leaving rates unchanged at 2.75%, in light of new data suggesting that previous [...]
The Reserve Bank of Australia today decided to keep the official cash rate on hold The Board decided to keep the cash rate unchanged at 2.75%, following last month's rate cut. With the housing market stabilising and the rate of inflation improving, it appears the central bank is confident with the current position of the [...]
Here at Simplified Finance Broking, we work hard to make things easier for you. Our latest step in making it easier for you to talk to (or about) us is our Facebook page. We'd really appreciate it if you could like our Facebook page. In fact, we'd like it so much, we have some [...]
Investors and mortgage holders can breathe a sigh of relief today with the Reserve Bank of Australia deciding to lower the current cash rate. Today the board has decided to lower the official cash rate by 25 basis points to 2.75%, in the first rate cut since December 2012. Low inflation rate figures for the [...]
