Another interest rate hike, but ‘sticky’ inflation likely to peak later this year
The Reserve Bank of Australia increased its cash rate by 50 basis points to 1.35 per cent as it wrapped off its July policy meeting.
The Reserve Bank of Australia increased its cash rate by 50 basis points to 1.35 per cent as it wrapped off its July policy meeting.
The RBA is expected to increase the cash rate today, adding to already mounting pressure on Australian households and businesses.
The rate hike presents an excellent opportunity for those investors and home buyers savvy enough to take advantage of the temporary downturn in property prices, writes Lloyd Edge.
The Reserve Bank of Australia (RBA) could potentially raise interest rates today for the first time in 11 years.
U.S. central bank, the Federal Reserve, has decided to maintain its interest rate at the current record low. For now.
ANZ has again become the only big four bank to reduce variable mortgage rates in full following the Reserve Bank’s cash rate cut, while rivals CBA, NAB and Westpac will be passing on only part of the amount this time. ANZ was widely criticised last month when it passed on just 0.18 percentage points of […]
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