The RBA held its monthly board meeting today and as expected, maintained the cash rate at 0.10%. As a sign the economy is growing at a healthy but controlled pace, the RBA is heavily focused on restoring inflation to within its 2-3% target range. The recently released March quarter consumer…
The RBA met today and as predicted by most economic experts left the cash rate at 0.10%. The RBA has previously stated that it does not expect rates to increase until it sees sustained wage growth and inflation returning to within its target range of 2-3%. With growing speculation that…
The RBA met today, leaving the cash rate at 0.10%, in line with their previous guidance that they expected rates to remain unchanged for some time. The market has been speculating that rates may rise as early as late next year based on optimism around the vaccine rollout, surging iron…
Today the RBA met for the first time in 2021 and have decided to leave the cash rate unchanged at 0.10%. Our central bank will have been encouraged by recent better than expected unemployment and CPI numbers. It will also be keeping a close eye on rising house prices, lending…
After a challenging year, the RBA has met for the final time in 2020 and decided to leave the cash rate unchanged. After reducing the rate three times during the year, including to a record low of .10% last month, the RBA opted to wait until its next meeting in…
As the country tunes in for the 2020 Melbourne Cup, the cash rate decision for November has been announced and rates have been cut. In response to the economic impact being caused by the COVID-19 crisis, the RBA reduced the cash rate by 0.15% to a new record low of…
The Reserve Bank of Australia has today kept the cash rate at 0.25% for the 7th straight meeting in a row. The RBA was widely predicted to reduce the rate further in October or November, although with the Federal Budget due today, the majority favoured a Melbourne Cup rate cut…
The cash rate decision for June has been announced by the RBA with the rate unchanged at 0.25%. The Bank withstood calls for further reductions, with some commentators suggesting negative interest rates remain a future possibility. Whilst the RBA will be mindful of concerns around the rising value of the…
The cash rate decision for May has been announced by the RBA with the rate unchanged at 0.25%. The Bank has previously signaled it considers the current rate to be the floor, with many analysts predicting it will remain at this level for some time as the economy recovers from…
The cash rate decision for April has been announced by the RBA with the rate unchanged at 0.25%. Just 19 days ago the RBA announced a .25% emergency cut in response to the economic threat posed by the COVID-19 crisis, reducing the rate to its lowest ever level. In response…
