As the favourite Fiorente finally brought home the Melbourne Cup for Australian racing legend Gai Waterhouse on Tuesday, the Reserve Bank of Australia decided to leave the official cash rate on hold at 2.5% for the third consecutive monthly board meeting, in line with expectations. The decision follows encouraging improvements in household and business confidence [...]
With national property markets indicating a recovery, the Reserve Bank of Australia has elected to keep the official cash rate on hold at 2.5%, for the third consecutive month. This news should help to boost consumer confidence, with interest rates remaining low for the foreseeable future. Several economic factors could be influencing the RBA's decision [...]
With auction clearance rates at their highest levels in years, the Reserve Bank of Australia has decided to keep the official cash rate on hold at 2.5%. This news should help to keep interest rates low and support the continuing trend toward a more confident property market. Several economic factors could be influencing the RBA's [...]
With the Federal Election coming up this Saturday, the Reserve Bank of Australia has decided to keep the official cash rate on hold at 2.5%. This follows a cut of 25 basis points last month, which brought the official cash rate to a historic low. Home buyers are clearly enjoying the positive impact created by [...]
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 [...]
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 [...]
