#Reserve Bank Of Australia
Ideal jobless rate ‘some time away’: RBA
Reserve Bank of Australia board members agreed back-to-back cash rate cuts were necessary to eat into spare labour market capacity, but a high participation rate and an expanding working age population means it will take “some time” to achieve the ideal jobless rate. Minutes from the RBA’s July 2 meeting show members agreed a consecutive […]
RBA cuts again to take cash rate to 1%
The Reserve Bank of Australia has cut the cash rate to a fresh record low of 1.0 per cent, reducing the cost of borrowing for two months in a row for the first time since 2012. The market had largely priced in a second straight 0.25 percentage point cut after RBA Governor Philip Lowe suggested […]
RBA cuts cash rate to new low of 1.25%
The Reserve Bank of Australia has cut the cash rate to a new record low of 1.25 per cent in a widely anticipated attempt to stimulate the economy. It is the central bank’s first move on rates since August 2016 and follows another month of weak economic data, most notably an unexpected rise in the […]
RBA announces the cash rate will remain at record low
The Reserve Bank of Australia has announced it will keep the cash rate at the record low of 1.5 per cent. The decision at Tuesday’s March meeting marks Australia’s longest period without a rate change. The RBA’s last cut was in August 2016 and despite economic growth slowing in the second half of 2018, it […]
RBA leaves rates unchanged
The Reserve Bank of Australia (RBA) has left interest rates unchanged at 3.25 percent, citing a rise in inflation as a driving factor behind its decision.
Slowing growth brings about rate cut
The Reserve Bank of Australia cut the official cash by 25 basis points today, citing slowing economic and credit growth as two of the key drivers behind its decision.
SMEs using home loans to finance business, research finds
A large proportion of SME’s are doubly invested in today’s interest rate decision with many using their home loan to finance their businesses.
NAB and CBA fail to pass on full rate cut
The National Australia Bank and the Commonwealth Bank are the first of the Big Four banks to reduce their standard variable interest rates following Tuesday’s official rate cut by the Reserve Bank, with both failing to pass on the full amount.
Interest rates held by RBA at 4.25 percent
The Reserve Bank of Australia has held the official interest rate for the third consecutive month, citing close to trend growth, inflation and lending rates.
Consumer sentiment falls as rates concerns rise
Consumer confidence fell by five percent in March, as Australians worry about rising interest rates and falling employment levels.
Consumer confidence bounces back
Businesses have welcomed news of a surprise jump in consumer sentiment, as the number of optimists outweighs the number of pessimists for the first time in some months.
What’s going on with lending interest rates?
We’re obsessed with interest rates in Australia, keeping a keen eye on RBA decisions and subsequent reactions from lenders. But just what’s going on with rates at the moment? MYOB’s Kristy Sheppard explains…
Consumer sentiment recovers only slightly, despite rate cuts
Two consecutive interest rate cuts have failed to boost post-Christmas consumer sentiment, a result economists have called “disappointing.” But slowing inflation means businesses may benefit from more rate cuts in the months to come.
Interest rate cut cheers small businesses
The Reserve Bank (RBA) has cut the national interest rate to 4.25 percent, the second consecutive cut it has made in its monthly meetings—the first back-to-back monthly cuts since April 2009.
To fix or not to fix interest rates?
Brad Callaughan looks at whether you should be fixing your interest rate. “The RBA will need to cut rates to keep the economy going, especially coming into Christmas…”
Rate cuts bump up consumer sentiment
Consumer sentiment has jumped 6.3 percent this month, thanks largely to the Reserve Bank’s decision to cut interest rates.
RBA leaves rates unchanged at 4.75 percent
The Reserve Bank of Australia (RBA) has announced it will leave the cash rate unchanged at 4.75 percent for the tenth consecutive month.
Inflation dips in August as RBA decision looms
Inflation fell 0.1 percent in August after rising 0.3 percent in July, with sliding prices of fruit and vegetables more than offsetting price rises for private motoring, furniture and furnishings, and household services.
Government enacts changes to ease burden of bank switching
The Government announced reforms designed to make it easier for people to switch banks overnight, with a Treasury-led working party to ensure the changes are enacted by July 1 2012.
RBA holds rates at 4.75 percent
The Reserve Bank of Australia (RBA) left the cash rate unchanged at 4.75 percent during its meeting in Sydney today; citing slow growth of the global economy and continued economic volatility in Europe and the US as drivers behind its decision.
RBA holds rates at 4.75 percent
The Reserve Bank of Australia (RBA) has decided to hold interest rates at 4.75 percent, leaving the official cash rate at the same level it’s sat at since November 2010, when the RBA last increased it by 0.25 percent.
Commonwealth Bank raises interest rates 0.45%
The Commonwealth Bank of Australia has increased interest rates its range of home loan products by 0.45 percent, almost double the official interest rate rise from the Reserve Bank of Australia yesterday.
Securency probe sees world wide police action: RBA raided
Securency, the Reserve Bank of Australia subsidiary that sells Australia’s polymer note currency system to the world has seen the RBA raided as part of an international investegation into alleged corruption and bribery involving Securency.
RBA signals plans to hold rates at 4.5 percent until 2011
The Reserve Bank of Australia has held interest rates at unchanged at 4.5 percent for the third month running, with the RBA signaling its plans to hold rates unchanged until 2011.