With everyone's Christmas Wish List topped with 'no December interest rate rise', the Board's decision today to leave the cash rate target unchanged at 4.35 per cent is a relief to many. Last month saw the first rate rise in four months, with interest rates increased by 25 basis points as inflation was not declining at the expected rate. With the impact of that rate rise beginning to …
A Melbourne Cup Day Interest Rate Rise
Although annual inflation is dropping, at the November board meeting the RBA has elected to raise the cash rate. It's a double blow to Melbourne Cup Day punters whose horses didn't rise to the occasion with the Reserve Bank raising the cash rate by another 25 basis points to 4.35 per cent. Despite consecutive holds in recent months, the first interest rate rise since June doesn't come as a …
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RBA Leaves Interest Rates On Hold
Mortgage holders breathed a sigh of relief today as the RBA announced its decision to leave interest rates on hold for what is only the second consecutive month since May 2022. Providing welcome respite from the past year's relentless interest rate rises, the Reserve Bank Governor Philip Lowe said the decision gives the Board time to assess the state of the economy as inflation begins to …
RBA continues to hold interest rates at 0.1%
The RBA met for the final time for 2021 on Tuesday 7th December and announced that interest rates will remain on hold at 0.1%. Interest rates remain at a record low for the 13th consecutive month. In it's latest Media Release, Board Governor, Phillip Lowe, stated that the decision to keep interest rates at this record low was based on a recovering Australian economy after the setback caused by …
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