The current interest rates of more central banks Current RBA Official cash rate Date Rate 11-08-2023 4.35 % 06-06-2023 4.10 % 05-02-2023 3.85 % 03-07-2023 3.60 % 02-07-2023 3.35 % 12-06-2022 3.10 % 11-01-2022 2.85 %
In Australia, growth in demand has slowed noticeably. A large share of the increase in the cash rate since May 2022 has been passed on to borrowers. Tighter monetary policy has contributed to a noticeable slowing in the growth of demand over the past year. High inflation as well as higher ...
RBA cash hike spurs higher mortgage ratesThe article reports on the decision of the Reserve Bank of Australia (RBA) to increase its mortgage rates by 25% due to cash rate hike that occurred in the business tra...
Reserve Bank of Australia is expected to hold rates, dovish pivot unlikely Reserve Bank of Australia (RBA) at the central bank’s building in Sydney, Australia on May 2, 2022. Brendon Thorne | Bloomberg | Getty Images The Reserve Bank of Australia is set to release its policy statement at...
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Michele Bullock has been Governor Lowe's deputy since April 2022 and a short time before the RBA began raising its cash rate but is promoted with more than 40 years of experience at the bank after joining as an analyst in 1985. "The government has made a first rate choic...
Australia's central bank on Tuesday raised interest rates for a third straight month and flagged more ahead as it struggles to contain surging inflation even at the risk of triggering an economic downturn. Wrapping up its July policy meeting, the Reserve Bank of Australia lifted its cash rate ...
Greens economic spokesman Nick McKim said the minority party would withhold its support for the reform bills until rates had been lowered, and if the RBA didn’t cut them at Tuesday’s board meeting, Chalmers should force it to do so. The government has never used its reserve powers to ov...
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aThe Reserve Bank of Australia ( RBA) kept its powder dry for a second month, holding its cash rate steady at 3.00% on June 2nd, but threatened to cut rates further from a 49-year low, if currency traders try to bid the Aussie dollar much higher. Still, trader expect the RBA’s ...