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 [...]
As we head into autumn, the outlook for the Australian economy appears to be reasonably favourable. [frame_right][/frame_right]But let’s not kid ourselves: while the domestic economy seems to be weathering global volatility quite well, we’re not out of the woods yet. The "GFC 2" may no longer be imminent, but a majority of economic commentators expect [...]
[frame_right][/frame_right]RBA Decision December 2011 For the second time in over 2 years the Reserve Bank has decreased the interest rates by 0.25% to 4.25%. After reading the report based on the global markets, the slowing growth and resources demand, there has been some noticeable decreases in commodity prices, which is taking pressure off the CPI [...]
[frame_right][/frame_right]For the first time in over 2 years, the Reserve Bank has decreased the interest rates by 0.25% This will be a great weight off the shoulders for homeowners and lenders. It appears that the RBA is warming to the current financial environment we are in, and is starting to accept that inflation is currently [...]
[frame_right][/frame_right]The majority of my current loan interviews and conversations with existing clients include a debate on interest rates and what the RBA will do this month. There is no need to speculate, the results are in. At today's meeting, the Board judged that it was prudent to maintain the current stance of monetary policy and [...]