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RBA Rate Decision – March 2017

Today Governor Lowe and the Board met, and they kept the cash rate on hold at 1.5% for another month. Now it was an interesting February in regards to what's been happening globally, and I want to talk about that story because we start to see GDP numbers from around the globe starting to be reported. Let's start with the US. We saw some very goo...

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RBA Rate Decision – March 2016

Today, the reserve government and the board meet and they have kept interest rate on hold for another month. Now it has been an interesting month, past month, we saw the labor party come out with negative gearing policy changes. What's interesting about this negative gearing policy change is the way they've decided to treat new and existing propert...

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RBA Rate Decision – July 2015

Today the Governor and the Board met and kept the cash rate at 2%. We saw changes in February and also in May of this year and now again, the Governor and the Board is basically just waiting to see what happens. The biggest news story at the moment is obviously the Greece story and they have default on their loan. In last weekend they have...

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RBA Rate Decision – November 2014

Hello! On this Melbourne Cup Tuesday the race that stops the nation. Well it didn't stop the Reserve Bank board meeting today and again, as well predicted the Reserve Bank kept interest rates on hold at 2.5%. No big changes, no big surprises. The Reserve Bank is still concerned about the headwinds that the economy experiences in terms of its GDP nu...

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RBA Rate decision – April 2013

The Reserve Bank of Australia has left interest rates on hold as widely expected at its board meeting today.  It continues to sit on the fence to consider further economic data following its series of cuts last year, plus the developing story of the new Euro crisis – Cyprus.  Then there’s China, which I come to later.... On the domestic ho...

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RBA Rates Decision – September 2012

The RBA today decided to keep the official cash rate at 3.5%, which was in line with economists and market expectations.  This decision was most likely made without the full impacts of several key data releases yesterday being fully assessed, but which point to a further slowing in the Australian economy. Here is a summary of some of the data, ...

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RBA Rates Decision – May 2012

The RBA has just announced a larger than consensus reduction in the cash rate – 50 basis points.  This is a very rare event for a traditionally conservative board.  So much so I have decided to add the entire statement from the RBA governor, Glenn Stephens. “At its meeting today, the Board decided to lower the cash rate by 50 basis poi...

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RBA Rates Decision – March 2011

The cash rate remained on hold again this month as the RBA awaits more critical data on the performance of the economy before looking to adjust the cash rate. Most economists expect further rate rises in 2011, with many tipping an increase in the cash rate of around 0.5% over the course of the year. Events in the Middle East region could play a ...

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RBA Rates Decision – August 2009

The Reserve Bank has once again decided to keep the cash rate on hold this month.  The cash rate remains at 3%.  The overall consensus of the market is now at the cross roads with many commentators now calling the bottom of the rate cycle. The RBA minutes of July’s meeting made mention of their belief the worst of the GFC is behind us, and mone...

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