Interest Rate Decision Sends Wave of Relief; Homeowners Get Reprieve from RBAByline: Stuart Cumming @thechronicle.com.auThe Chronicle (Toowoomba, Australia)
“As was widely anticipated, the RBA has decided to cut official interest rates over November which will provide more fuel for clearly reviving housing markets. The RBA rate reduced its rate by 0.15% - from 0.25% to a new record low 0.1%, providing more s...
Economic data are being paid to assess policy prospects. Although the decision of the RBA has not been carried out, Kay voted on a macro basis. RBA It will still cut interest rates at least two times, bringing interest rates to 1.5%. The rate cut is either in 11-12 or early next yea...
The problem for Australia however, is that its major material exports, iron ore and coal, have "declined over recent months as expected, unwinding some of the earlier increases," Governor of the RBA Philip Lowe said in a statement. At the core of the decision however was the uncertainty aro...
In response to the RBA’s decision to increase the official cash rate, the MyState Bank variable home loan interest rate will also move by 25 basis points. The change will be effective from the 20th of February 2023. “The ninth RBA rate rise and its indication that there are more increa...
Before the decision, the market had priced in roughly a 50 per cent chance of a cut after last week's surprisingly weak inflation figures. Key to the decision was the reading of core inflation — the RBA's preferred measure — at 1.5 per cent, the lowest reading on record and well belo...
The Reserve Bank of Australia has announced an increase in the cash rate target and the rate paid on Exchange Settlement balances by 25 basis points each, bringing them to 3.85% and 3.75%, respectively. This decision comes after the Board held interest rates steady last month to further assess...
RBA governor Philip Lowe announced the move in a statement shortly following the bank's monthly policy meeting on Tuesday. "Today's decision to lower the cash rate will help make further inroads into the spare capacity in the economy," Lowe said. ...
Why The Target Cash Rate Matters There’s always lots of talk in the media in the days leading up to the RBA announcement. People care about the monetary policy decision because it often has an immediate impact on their cash flow.
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