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RBA Updates
The Reserve Bank of Australia (RBA) has taken the financial markets and economists by surprise by announcing its 12th rate hike since May of the previous year. In its latest move, the central bank has decided to increase interest rates by 25 basis points to 4.10 percent, aiming to address the persistent issue of high […]
Reserve Bank of Australia Surprises with 12th Rate Hike to Tackle Inflation. Read More »
The Reserve Bank of Australia (RBA) today decided to increase the official cash rate for the eighth consecutive month, this time by 0.25% to 3.10%. Today’s increase follows speculation that rates may be starting to approach their peak with falling house prices in some capital cities, decreasing demand for credit and lower October inflation numbers.
RBA cash rate for December raised to 3.10% Read More »
While Melbourne Cup Day often brings a surprise, the Reserve Bank’s decision on the official cash rate earlier today contained no surprises, with confirmation the rate will remain at 0.10%. In line with previous commentary, the RBA has confirmed the view that it won’t be rushing into a rate hike, making it abundantly clear it
November cash rate remains unchanged at 0.10% Read More »
The Reserve Bank of Australia (RBA) today decided to increase the official cash rate for the seventh consecutive month, this time by 0.25% to 2.85%. Today’s increase follows higher than anticipated September quarter Consumer Price Index (CPI) figures as the RBA continues to battle inflation. If you’d like to have a chat about what today’s
RBA cash rate for November raised to 2.85% Read More »
The Reserve Bank of Australia (RBA) today decided to increase the official cash rate, by 0.25% to 2.60%. In considering the size of the increase, the RBA board appears to be continuing to focus on reducing inflation against the backdrop of falling house prices in many areas of Australia, a weakening Australian dollar and concerns
RBA cash rate for October raised to 2.60% Read More »
As widely expected, the Reserve Bank of Australia (RBA) today increased the official cash rate by 0.50% to 2.35%. This brings the total of increases made since May to 2.25% as the RBA continues to battle a very stubborn inflation foe. In making this latest increase our central bank will have had a close eye
As expected, RBA cash rate for September increased to 2.35% Read More »
The Reserve Bank of Australia (RBA) today decided to increase the official cash rate by 0.50% to 1.85%. The increase follows a slightly better than expected annual inflation figure of 6.1 per cent in the June quarter and falling house prices in some eastern state cities. Balancing out these factors is an unemployment rate of
RBA rises August cash rate to rein back inflation Read More »
The Reserve Bank of Australia (RBA) today decided to increase the official cash rate, by 0.50% to 1.35%. With the RBA continuing to try and head off inflation before it takes too strong a hold on our economy, the decision was made to raise the rate. Lenders can set interest rates independently of RBA movements
As expected, RBA cash rate once again increased for July Read More »
The Reserve Bank today decided to increase the cash rate, by 0.50% to 0.85%. The RBA has made the decision to increase rates primarily as a lever to return inflation to its target levels, which is currently sitting higher than target at 5.1%. Wage growth is currently at 2.4%, which in real terms is -2.7%
Once again, RBA cash rate has increased for June Read More »
At its monthly meeting today, the Reserve Bank has decided to increase the official cash rate from 0.10% to 0.35%. An increase in rates has been highly anticipated following the release of higher than expected inflation figures last week. There was however speculation that the RBA may have delayed this increase until after the federal
As expected, RBA cash rate has increased for May Read More »
