At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent. Inflation has fallen substantially since the peak in 2022, as higher interest rates have been working to bring aggregate demand and supply closer […]
Category: Mortgage Broking
RBA Interest Rate Announcement 6th August 2024
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent. The central forecasts set out in the latest SMP are for inflation to return to the target range of 2–3 per cent late […]
RBA Interest Rate Announcement 18th June 2024
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent. Inflation has fallen substantially since its peak in 2022, as higher interest rates have been working to bring aggregate demand and supply closer […]
RBA Interest Rate Announcement 7th May 2024
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent. Recent information indicates that inflation continues to moderate, but is declining more slowly than expected. The persistence of services inflation is a key […]
RBA Interest Rate Announcement 19th March 2024
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent. Wages growth picked up a little further in the December quarter, but appears to have peaked with indications it will moderate over the […]
RBA Interest Rate Announcement 6th February 2024
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent. Inflation continued to ease in the December quarter. Despite this progress, inflation remains high at 4.1 per cent. While there are encouraging signs, […]
Helping your kids get on the property ladder
Nurturing Future Homeowners: A Brief Guide for Parents in Australia As parents, we share the common goal of providing our children with a strong start in life. However, the challenges of soaring property prices and fluctuating mortgage rates can make stepping onto the property ladder seem daunting. In this article, we will explore practical methods […]
RBA Interest Rate Announcement 5th December 2023
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent. Last month, the Board increased interest rates by 25 basis points, following a period of four months where it had held interest rates […]
RBA Interest Rate Announcement 7th November 2023
At its meeting today, the Board decided to raise the cash rate target by 25 basis points to 4.35 per cent. It also increased the interest rate paid on Exchange Settlement balances by 25 basis points to 4.25 per cent. Inflation in Australia has passed its peak but is still too high and is proving […]
RBA Interest Rate Announcement 3rd October 2023
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.10 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.00 per cent. Interest rates have been increased by 4 percentage points since May last year. The higher interest rates are working to establish a more […]
RBA Interest Rate Announcement 5th September 2023
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.10 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.00 per cent. Inflation in Australia has passed its peak and the monthly CPI indicator for July showed a further decline. The Australian economy is experiencing […]
RBA Interest Rate Announcement 1st August 2023
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.10 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.00 per cent. Interest rates have been increased by 4 percentage points since May last year. The higher interest rates are working to establish a more […]
RBA Interest Rate Announcement 4th July 2023
At its meeting today, the Board decided to hold the cash rate target steady at 4.10 per cent. It also left the interest rate on Exchange Settlement balances unchanged at 4.00 per cent. The current higher interest rates are working to establish a more sustainable balance between supply and demand in the economy and will […]
RBA Interest Rate Announcement 6th June 2023
At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 4.10 per cent. It also increased the interest rate paid on Exchange Settlement balances by 25 basis points to 4.00 per cent. Inflation in Australia has passed its peak, but at 7 per cent is still too […]
RBA Interest Rate Announcement 2nd May 2023
At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 3.85 per cent. It also increased the rate paid on Exchange Settlement balances by 25 basis points to 3.75 per cent. Inflation in Australia has passed its peak, but at 7 per cent is still too high […]