Empower Blog cash rate on hold

RBA Cash Rate December 2020: The Big Turn Around!?!

Today, Governor Lowe and the reserve board met for the last time in 2020, and it's been an interesting year, and they did keep the cash rate on hold, and did no tweaking to the current buying program that they've got in place. They've done pretty much all of their heavy lifting, so the focus for this economic update is going to be more around s...

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RBA Cash Rate November 2020: New Record-Low Cash Rate Announced!

The RBA has met and A NEW Record-Low Cash Rate Has Been Announced! This means that for the 11th time since 1990, November is the month the RBA has pulled the trigger… That’s right. At their board meeting today, Governor Lowe and the board dropped the Cash Rate to 0.1%! So the next question is… will the bank pass on the full rate cut...

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RBA Cash Rate October 2020: An Economy on The Mend?

In this October RBA and economic update which we shared to our Empower Wealth and The Property Coach Communities, my theme mainly is going to be about an improving economic story and also the other big news around an improving housing story. So let's get straight into it. The RBA Governor and the Board met today and they kept the Cash Rate on hold...

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RBA Cash Rate September 2020: Have we reached a Turning Point in the Property Market?

It’s the first Tuesday of the month, which means the RBA Board has met and announced the September cash rate! This video features September's cash rate update, and because it's also the first day of Spring, Ben is also giving you a special update on what's happening to property markets in the developed world now that their economies are openi...

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RBA Cash Rate May 2020: The Three Critical Themes Unfolding In The Economy Right Now — And How They Impact Property Prices!

Today Governor Lowe and the Reserve board met, and they kept the cash rate on hold at 0.25%, so nothing to see there. What I wanted to highlight in regards to some of the activity from the RBA, we did get an update in the middle of May, in terms of how their stimulus package and monetary package they introduced in March is going to work. So, a ...

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RBA Cash Rate – February 2020

On this first Tuesday of February as part of the new 2020s, the new decade, the RBA had a tough decision to make today. They had some really positive economic data flowing through from the end of 2019 that consisted of a really good unemployment story. It also said that retail spending had at a bounce in November, so that was positive. Ultimatel...

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RBA Cash Rate – December 2019

Today Governor Lowe and the reserve board met for the final time in 2019 and they kept the cash rate on hold at 0.75%. Now, in 2019 we saw three rate cuts. And for all of those people who love the data, what's interesting about that is between August 2016 and May 2019 — 34 months — the cash rate was on a hold at 1.5%. So they've definitely tri...

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RBA Cash Rate – November 2019

On this Melbourne Cup Tuesday in November, the Reserve Board met and they've kept the cash rate on hold at 0.75% — and that's on the back of stable unemployment. So we haven't seen unemployment deteriorate — in fact, it improved — but more about that later. And we’ve also had some commentary coming out of the Reserve Bank, in regards to ...

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