Category: Rate Updates

The Reserve Bank of Australia (RBA) has today decided to decrease the cash rate by 0.25% to 4.10%, the first decrease since November 2020.

Today’s welcome news for mortgage holders is the result of the RBA being confident that inflation is remaining steady, with the current headline inflation rate at 2.4% according to the latest December 2024 data.

At their next meeting on 1 April 2025, the RBA will be closely monitoring the impact today’s decrease has on the economy.

Whether you’re considering refinancing your mortgage to secure better terms or exploring property investment opportunities, now could be an advantageous time to review your financial strategy.

The Reserve Bank of Australia (RBA) has announced a hold on the cash rate of 4.35% at today’s meeting.  

The decision to keep the cash rate unchanged was widely expected at this meeting. Policymakers are likely taking into account the Consumer Price Index (CPI) sitting at 2.8%, which is within the target range. However, they are also observing the effects of recent government rebates on power bills and a reduction in the cost of fuel, both of which have influenced this figure downwards.

Forecasts from major banks and economists are predicting that a change to the cash rate is not likely the new year, with most expecting this could stretch to May 2025.

Today’s decision underscores the importance of staying informed about economic developments and their potential impact on your finances.

Whether you’re considering buying a new home, refinancing your mortgage to secure better terms or exploring property investment opportunities, now could be a good time to review your financial strategy.

The Reserve Bank of Australia (RBA) has announced a hold on the cash rate of 4.35% at today’s meeting.  

The decision to keep the cash rate unchanged reflects a balance between domestic and global economic factors. Inflation in Australia is currently at a three-year low, with the Consumer Price Index (CPI) rising by 2.8% over the year from September 2023 to September 2024. However, policymakers are also mindful of the upcoming U.S. election, the outcome of which has the potential to influence global markets.

Forecasts from major banks and economists suggest we won’t see any significant changes to the cash rate until February 2025 at the earliest, with some suggesting it could even stretch to May 2025.

Today’s decision underscores the importance of staying informed about economic developments and their potential impact on your finances.

Whether you’re considering buying a new home, refinancing your mortgage to secure better terms or exploring property investment opportunities, now could be a good time to review your financial strategy.

The Reserve Bank of Australia (RBA) has just announced a hold on the cash rate of 4.35% at today’s meeting.

August 2024 data shows unemployment rates steady at 4.2%, but this is up from a low of 3.5% in mid-2022. The US Federal Reserve reduced its interest rates by 0.50% to 4.75% last week to limit further deterioration in their job market and economists here are predicting that labour markets are the key to curbing inflation.

Previous forecasts from some of the big four banks, which had suggested a rate cut may happen in November 2024, are now indicating that the RBA is unlikely to lower rates until the new year.

Today’s decision underscores the importance of staying informed about economic developments and their potential impact on your finances.

Whether you’re considering buying a new home, refinancing your mortgage to secure better terms or exploring avenues for property investment, now could be an advantageous time to review your financial strategy.

The Reserve Bank of Australia (RBA) has just announced a hold on the cash rate of 4.35% at today’s meeting.

With the June 2024 quarter Consumer Price Index (CPI) coming in slightly lower than some expected at 3.8% and monthly unemployment rising to 4.1% in June 2024, this decision reflects the RBA’s cautious approach and intention to monitor data.

Prior to the last RBA meeting in June, predictions from the big four banks estimated we’d be unlikely to see a rate cut before November 2024. Most economists agree with this sentiment and with inflation slowly being brought under control, are predicting the next movement to be a decrease.

Today’s decision underscores the importance of staying informed about economic developments and their potential impact on your finances.

Whether you’re considering buying a new home, refinancing your mortgage to secure better terms or exploring avenues for property investment, now could be an advantageous time to review your financial strategy.

If you’d like to have a chat about what today’s news means for you and your finances, please don’t hesitate to get in touch.

The Reserve Bank of Australia (RBA) has just announced a hold on the cash rate of 4.35% at today’s meeting.

This decision reflects the RBA’s cautious approach and intention to monitor data amidst a backdrop of mixed economic indicators:

• Inflationary pressure continues with the March Consumer Price Index (CPI) coming in at 3.6%, which was higher than expected.
• Unemployment fell to 4% in May, reflecting continued strong labour markets.
• Gross Domestic Product (GDP), a measure of economic growth, rose by only 0.1% in the March quarter and 1.1% (seasonally adjusted) for the year. Outside of the COVID period, this is one of the lowest rates of growth recorded in the last 20 years.

The announcement to hold rates coincides with predictions from the big four banks that the RBA won’t move to reduce rates in the near future, with the earliest estimate of a rate cut from that cohort being November 2024.

Today’s decision underscores the importance of staying informed about economic developments and their potential impact on your finances.

Whether you’re considering buying a new home, refinancing your mortgage to secure better terms or exploring avenues for property investment, now could be an advantageous time to review your financial strategy.

The Reserve Bank of Australia (RBA) has decided to again hold the official cash rate at 4.35%.

The decision to maintain the cash rate comes after March 2024 data showed inflation remains persistently high.

The Reserve Bank of Australia (RBA) has decided to again hold the official cash rate at 4.35%.

The decision to maintain the cash rate follows relatively stable inflation rates over the last quarter.

In its first meeting of the year, The Reserve Bank of Australia (RBA) has decided to again hold the official cash rate at 4.35%.

The decision to maintain the cash rate follows the release of data last week which showed the annual inflation rate is falling faster than expected.

This year, the RBA will decrease the frequency of their meetings from eleven to eight times per year. If you’d like more information on when the meetings are scheduled, you can read more here.

Following four consecutive monthly pauses, The Reserve Bank of Australia (RBA) has raised the official cash rate by 0.25% to 4.35%.

The decision to increase the cash rate follows the recent release of higher than anticipated September 2023 quarter inflation numbers.