Empower Blog Interest Rate

RBA Cash Rate March 2021: Property Prices Break 17 Year Record!

Hi, Ben Kingsley here with the economic and RBA update for March, 2021. Lots going on. We are definitely seeing momentum building in the Australian and global economies. And that has seen a few bears poking their heads up in regards to the inflation and the risk of a spike in inflation around that. But the central bankers around the world aren't g...

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RBA Cash Rate February 2021: “Up, Up & Away” For The Aussie Property Market…?

Well, here we go again. It's February 2021 and it's time for another economic update. Now, I do these economic updates every month from February to December. My name is Ben Kingsley and I'm the Managing Director of Empower Wealth. And you're receiving this video presentation because you're an Empower Wealth customer. And so we're delighted to b...

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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 ...

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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 August 2020: The Second Wave is Here — Will The Stimulus Be Enough To Steer Us Away From The Cliff?

Today, Governor Lowe and the Reserve Board met and yes, of course, they kept the cash rate on hold at a record low 0.25%. Obviously, there's going to be some further updates later in the week when they release their statement of monetary policy, but right now, today's going to be all about the economic update and having a look around. We've got...

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RBA Cash Rate July 2020: Victoria’s Lockdown Slows The Speed Of Recovery & The Air Is Colder Up High

Today Governor Lowe and the reserve board met and they kept the cash rate on hold. Now the good news story here has been in some of the language that's been coming out from Governor Lowe and also the board in regards to how positive they have felt, and how optimistic they are about where we sit.   Now, they had three obvious...

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RBA Cash Rate June 2020: Swaying on the edge of an economic and property cliff?

Today, Governor Lowe and the Reserve Board met and they kept the cash rate on hold, which as we all know, they will be for the time being. It has been an interesting couple of months. We've obviously gone through March and April with a lot of uncertainty, a lot of unknowns around what was happening. And that caused a lot of pessimism and fear i...

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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. Ultimately,...

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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 trie...

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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 so...

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RBA Cash Rate October 2019: Third Time Lucky?

Today Governor Lowe and the Reserve Board met for the first Tuesday of October and they've cut the cash rate. Now, 75% of economists believed that this was going to be the case.  If you were listening to some of the commentary last week from Governor Phillip Lowe around his concerns in the market, it was pretty clear that he was signalling to the ...

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