RBA – rates on hold for June 2020

2021-07-10T18:12:54+08:002nd June 2020|News|

This month the Reserve Bank of Australia (RBA) has kept the official cash rate at the historic low of 0.25%. RBA governor Philip Lowe said in the previous meeting that the RBA is prepared to scale up its bond purchases if needed. They will do whatever necessary to ensure bond markets remain functional and achieve [...]

Emergency RBA meeting leads to cash rate cut

2021-07-10T18:12:55+08:0019th March 2020|News|

At its emergency meeting today the Reserve Bank (RBA) announced a cash rate cut of 0.25%, bringing the cash rate to 0.25%, the lowest in Australian history! This cut was made in response to the global coronavirus (COVID-19) crisis, which has been declared a pandemic by the World Health Organization (WHO). Australia has entered unchartered [...]

March 2020 interest rates hit historic low of 0.50%

2021-07-10T18:12:58+08:003rd March 2020|Finance, News|

While the autumn wind blows colder, things are heating up in the property market as the Reserve Bank of Australia (RBA) decided to slash the official cash rate to a historic low of 0.50% at its meeting today. At the previous meeting, RBA governor Philip Lowe said that despite expectations of stronger global growth this [...]

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