At the RBA's March 19th meeting the decision was made to leave the cash rate unchanged at 4.35 per cent. While inflation remains high, it does continue to moderate as per the RBA's forecasts. The monthly CPI indicator held steady at 3.4 per cent with the momentum easing in recent months. In its report released today the RBA says its highest priority is to return inflation to target within a …
2024 Kicks Off With A Cash Rate Hold
Mortgage holders welcomed today's decision from the Reserve Bank of Australia to hold the cash rate at 4.35 per cent after their first meeting of the year. Although CPI rose by 0.6 per cent in the December 2023 quarter, annual inflation fell from 7.8% in December 2022 to 4.1% in December 2023, reaching a two-year low. While some experts suggest that rates may stay on hold for a few more …
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No December Rate Rise From The RBA
With everyone's Christmas Wish List topped with 'no December interest rate rise', the Board's decision today to leave the cash rate target unchanged at 4.35 per cent is a relief to many. Last month saw the first rate rise in four months, with interest rates increased by 25 basis points as inflation was not declining at the expected rate. With the impact of that rate rise beginning to …
A Melbourne Cup Day Interest Rate Rise
Although annual inflation is dropping, at the November board meeting the RBA has elected to raise the cash rate. It's a double blow to Melbourne Cup Day punters whose horses didn't rise to the occasion with the Reserve Bank raising the cash rate by another 25 basis points to 4.35 per cent. Despite consecutive holds in recent months, the first interest rate rise since June doesn't come as a …
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RBA Hold Interest Rates Again
Today's announcement by the RBA Board sees the cash rate remain at 4.10% despite inflation still sitting above the target and the monthly CPI increasing to 5.2% in August, up from 4.9% in July. In her statement today, incoming Reserve Bank Governor Michele Bullock suggested the full effect of previous rate hikes on our economy are yet to be seen, so while the conditions aren't perfect the RBA …
RBA Holds Interest Rates Steady
Today's decision by the RBA to leave the cash rate unchanged at 4.10% eases the pressure on mortgage holders for the third consecutive month. Reserve Bank Governor Philip Lowe said inflation has passed its peak as the monthly CPI indicator continues to decline. Mr Lowe advised that the Board remains committed to lowering inflation and will continue to pay close attention to the global economy, …
RBA Leaves Interest Rates On Hold
Mortgage holders breathed a sigh of relief today as the RBA announced its decision to leave interest rates on hold for what is only the second consecutive month since May 2022. Providing welcome respite from the past year's relentless interest rate rises, the Reserve Bank Governor Philip Lowe said the decision gives the Board time to assess the state of the economy as inflation begins to …
RBA Leaves Interest Rates On Hold
The RBA has left interest rates on hold at 4.1% but hasn't ruled out the possibility of more hikes to come. In a temporary reprieve from a long string of interest rate rises, Reserve Bank Governor Philip Lowe says today's decision gives the Board time to further assess the state of the economy. ABC news reports, "the board remains resolute in its determination to return inflation to …
RBA hikes rates again
We've not seen interest rates this high since 2012, but the RBA has raised them once again this month by 0.25 of a percentage point, with official interest rates now at 4.1%. The bank's board decided to lift the cash rate target for the second month in a row, amid concerns inflation is taking too long to come down. Reserve Bank governor Philip Lowe again sounded a warning about the rising …
RBA’s latest interest rate hike catches banks and borrowers by surprise
The Reserve Bank of Australia (RBA) has shocked borrowers and financial markets by resuming interest rate rises after a one-off pause last month. It has lifted its cash rate target from 3.6 to 3.85 per cent, marking the 11th increase in the space of a year. How could it come up with that decision given what it said in April and the new data we have seen since then? Last month, when the RBA …
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