Christmas has come early for mortgage holders this year, with the Reserve Bank of Australia deciding to lower the official cash rate. At its meeting today, the Board has decided to reduce the cash rate by 25 basis points to 3.0%. Their decision was based on information that suggests our economic conditions are somewhat weaker [...]
The Reserve Bank of Australia today decided to keep the official cash rate on hold. The Board decided that the cash rate will remain unchanged at 3.25%. This came after their decision to cut the rate by 25 basis points in October. With poor performance in the mining industry, and the fall of commodity prices, [...]
The Reserve Bank of Australia today decided to lower the official cash rate The Board has decided to lower the official cash rate by 25 basis points to 3.25%. This cut has come after three consecutive holds. The recent drop in commodity prices could explain why an interest rate cut was considered necessary. Plus, minimal [...]
Home buyers and investors alike could snag themselves a bargain this spring, with early forecasts flagging suppressed property prices and lower mortgage rates over coming months. For the third consecutive month, the Reserve Bank of Australia’s (RBA's) Board decided to leave the official cash rate unchanged at 3.50% at its September meeting. Reserve Bank Governor [...]
The Reserve Bank of Australia today decided to keep the official cash rate unchanged. The Board decided to leave the cash rate at 3.50%, for the third consecutive month. Their decision to hold the current cash rate could be influenced by a decline in retail trade and uncertainty in both on and off shore economies. [...]
The Reserve Bank of Australia today decided to keep the official cash rate on hold. The Board decided that the cash rate will remain unchanged at 3.50%, for the second consecutive month. With the latest data from the Australian Bureau of Statistics showing low inflation figures, a hold today was considered likely. In the next [...]
The Reserve Bank of Australia has decided to keep the official cash rate unchanged. The Board decided to leave the cash rate at 3.50%. With significant cuts in both May and June, most industry experts predicted there would be no change to the current cash rate at today's meeting. Over the next few days we [...]
The Reserve Bank of Australia (RBA) this month cut the official cash rate by 25 basis points, the second consecutive rate reduction this year, marking a 0.75% reduction in the cash rate since April. The RBA's decision to lower the official cash rate to 3.50% was largely attributed to the continuing European debt crisis and [...]
[frame_right][/frame_right]The Reserve Bank of Australia today decided to lower the official cash rate. With the latest data from the Australian Bureau of Statistics showing the Australian economy is not performing strongly, a cut to interest rates was considered a good possibility. The Board decided to cut the cash rate by 25 basis points to 3.50 [...]
[frame_right][/frame_right]The Reserve Bank of Australia today decided to lower the official cash rate. With inflation figures released last week showing the economy cooling, a cut to interest rates was considered a certainty. The Board decided to cut the cash rate by 50 basis points to 3.75%. For the past three months, the Board had kept [...]