April Fool's Day didn't see a repeat of the Reserve Bank's interest rate cuts in February, as they announced that the official cash rate will remain unchanged at 4.10 per cent. In a statement released today, the RBA cited uncertain outlooks and a commitment to returning inflation to target levels as the reasons behind their decision. "There are notable uncertainties about the outlook for …
Good News At Last For Mortgage Holders
The drought has been broken at last! For the first time since 2020, the Reserve Bank has announced a decrease to the official cash rate, news that is welcomed by millions of Australian mortgage holders right across the country. After their highly anticipated meeting, the RBA announced they have cut the official cash rate from 4.35 per cent to 4.1 per cent. In a statement released today, the RBA …
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Interest Rates Unchanged
There was no pre-Christmas goodwill for mortgage holders today, as the Reserve Bank of Australia announced its decision to leave the cash rate unchanged at 4.35%. The key reasons given for today's decision can be summarised - or reiterated - in three main points: Status quo for now, but experts predict a drop in interest rates next year, although we may have to wait until mid-year to see …
RBA Leaves Cash Rate On Hold, Again
We hope the Melbourne Cup brought you some joy today, because the Reserve Bank did not. The narrative remains unchanged... at today's meeting the Reserve Bank of Australia announced its decision to leave the cash rate unchanged at 4.35% yet again. While headline inflation has declined significantly and is expected to remain low for a period of time, underlying inflation remains too high …
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RBA Leaves Cash Rate On Hold
As many predicted, the Reserve Bank of Australia has announced its decision to leave the cash rate unchanged at 4.35%. In a statement released today, the RBA said inflation remains persistently higher than the preferred 2–3 per cent target range and current forecasts suggest it may not reach a sustainable target until 2026. Inflation has now remained above the midpoint of the target for …
RBA Leaves Cash Rate On Hold
Earlier today the Reserve Bank of Australia announced its sixth consecutive decision to leave the cash rate unchanged at 4.35%. While many were hoping for cuts to their mortgage interest rates, this decision was widely anticipated as inflation hasn't fallen as quickly as the RBA had hoped. Today was a day of economic turmoil, as global stock markets plummeted and the ASX experienced its worst …
RBA Leaves Cash Rate On Hold
Interest rates didn't decrease today as many mortgage holders hoped, but neither did they rise. Around the world central banks are beginning to cut their interest rates, but the Reserve Bank of Australia (RBA) left the cash rate on hold at 4.35 per cent. The reason given for the decision by the RBA Board is that while inflation is easing, it is doing so at a slower rate than previously …
Interest Rates Remain Unchanged
Relief for home-owners today as the Reserve Bank Board announced its decision not to raise interest rates, leaving the cash rate unchanged at 4.35 per cent. While inflation remains high, it is moderating albeit at a slower rate than expected, with the consumer price index increasing by 3.6 per cent in the March quarter. Returning inflation down to a 2-3 per cent target within a …
Interest Rates Hold Steady
At the RBA's March 19th meeting the decision was made to leave the cash rate unchanged at 4.35 per cent. While inflation remains high, it does continue to moderate as per the RBA's forecasts. The monthly CPI indicator held steady at 3.4 per cent with the momentum easing in recent months. In its report released today the RBA says its highest priority is to return inflation to target within a …
2024 Kicks Off With A Cash Rate Hold
Mortgage holders welcomed today's decision from the Reserve Bank of Australia to hold the cash rate at 4.35 per cent after their first meeting of the year. Although CPI rose by 0.6 per cent in the December 2023 quarter, annual inflation fell from 7.8% in December 2022 to 4.1% in December 2023, reaching a two-year low. While some experts suggest that rates may stay on hold for a few more …
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