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The Reserve Bank of Australia (RBA) confirmed today, that the official cash rate will continue to remain at 0.1%. In their media release this afternoon, Governor Phillip Lowe, stated that "the Australian economy remains resilient and spending is picking up following the Omicron setback..[but]household and business balance sheets are in generally good shape". In their press release today, the …
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The RBA confirmed today that it will be keeping the cash rate on hold at 10 basis points. The Board restated its position on keeping the rate at its current level "until actual inflation is sustainably within the 2 to 3 per cent target range [which the Board expects] will not be met before 2024". Concerning the nation's housing market, the Board issued the following remarks: Housing …
Continue Reading about RBA keeps cash rate on hold at 0.1% →
. The RBA confirmed today that it will be keeping the cash rate on hold at 10 basis points. The Board restated its position on keeping the rate at its current level "until actual inflation is sustainably within the 2 to 3 per cent target range [which is not expected to occur] until 2024 at the earliest". The Board again issued positive news on the housing front: Housing markets have …
Continue Reading about RBA keeps cash rate on hold at 0.1% →
. The RBA confirmed today that it will be keeping the cash rate on hold at 10 basis points. The Board restated its position on keeping the rate at its current level "until actual inflation is sustainably within the 2 to 3 per cent target range [which is not expected to occur] until 2024 at the earliest". The RBA acknowledged that "housing markets have strengthened further, with prices …
Continue Reading about RBA keeps cash rate on hold at 0.1% →
. The RBA confirmed today that it will be keeping the cash rate on hold at 10 basis points. The Board restated its position on keeping the rate at its current level "until actual inflation is sustainably within the 2 to 3 per cent target range [which is not expected to occur] until 2024 at the earliest". The RBA acknowledged the renewed strength of housing markets across Australia, also …
Continue Reading about RBA keeps cash rate on hold at 0.1% →
. As widely expected, RBA Governor Stephen Lowe has confirmed that the cash rate will remain at 0.1%. He has also stated that the parameters of the Term Funding Facility and the government bond purchasing program will be maintained at current settings. The RBA Governor had some specific statements to make concerning the housing sector: Lending rates for most borrowers are at record …
Continue Reading about RBA keeps interest rate on hold at 0.1% →
In the RBA's first monetary policy announcement for 2021, it was predicted that the conditions for a rise in the interest rate wouldn't "be met until 2024 at the earliest". This statement gave many potential homebuyers added confidence about how much they could afford in terms of mortgage repayments. However, as pointed out by ANZ's Head of Australian Economics David Plank in this …
The Reserve Bank of Australia (RBA) has maintained the cash interest rate at two percent. During its board meeting today, Reserve Bank Governor Glenn Stevens noted that as the economy is growing at below the long-term averages, their monetary policy needs to be "accommodative." He added that the board will continue to assess the economic outlook. This record low interest rate has been kept …
Continue Reading about Cash Interest Rate Maintained at Current Level →
The Reserve Bank of Australia (RBA) has kept the interest rates steady at its record low of two percent. The decision was made in today's meeting of the bank on monetary policy. This is the third straight month that the rate was maintained at its lowest. RBA Governor Glenn Stevens said that "while the rate of growth has been somewhat below longer-term averages, it has been associated with …
