Tag: Cash Rate

RBA has opted to keep interest rates unchanged, citing concerns about the persistence of price pressures.

For the fourth consecutive month, RBA has maintained its key interest rate, offering mortgage holders a continued respite.

The Reserve Bank of Australia is set to increase interest rates, putting additional pressure on borrowers.

Majority of experts anticipate cash rate increase in May, according to the Finder’s RBA Survey

Australian homeowners may be facing another financial setback as the Reserve Bank of Australia (RBA) is potentially considering increasing cash rates. 

The hike in interest rates results in a higher borrowing cost and increases monthly mortgage payments, adding strain on household finances.

The RBA increased the official cash rate by 0.25 percentage points following its regular monthly meeting, bringing it to 2.85 per cent, the highest level since early 2013.

In the Finder RBA Cash Rate Survey, 38 of the 39 experts were asked to predict that the cash rate will move on Tuesday, with 90 per cent predicting a hike of 25 basis points to 2.85 per cent.

July 1 is also an important date to note since many salaries will be reviewed, and there will almost probably be a larger-than-usual repricing of consumables.

A policy analogy describes the nation as a farm. The RBA is in charge of irrigation on this farm. What happens when they turn the water off?