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02/07/2019
Mortgage Broking

RBA Cash Rate July 2019: Twice in a Row?

Today Governor Lowe and the Reserve Board met and they changed the cash rate for the second consecutive month, dropping the cash rate down by another 25 basis points. This is reasonably well-signaled, even though some economists still thought that the RBA may wait until August. So, what is their agenda? Well, if you look at the minutes — and ...

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05/05/2015
Mortgage Broking

RBA Rate Decision – May 2015

Today the Reserve Governor and the Board met and they've dropped interest rate once again to 2%. So following the February rate cut, they've followed it up with a May rate cut. Now the reason behind that is simply the spare capacity that we are still seeing in the economy. They've made a judgement call, even before we see the May 2015 budget ...

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07/10/2014
Mortgage Broking

RBA Rate Decision – October 2014

Hello, the Reserve Board met today and kept interest rates on hold. Well anticipated that they were going to remain on hold and it's certainly a view that they are going to stay lower for longer. That's being about installing confidence into the market place for business to start doing more lending. In the last 4 weeks, there have been some big thi...

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01/10/2013
Mortgage Broking

RBA Rate Decision – October 2013

Although the RBA still had scope to move the cash rate lower, in line with many economists’ view that rates would continue to fall, the RBA board chose to leave the cash rate on hold at this month’s meeting today. This leaves the cash rate at 2.5%. Many economists are still talking about the cash rate hitting 2 percent at some point into 201...

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03/09/2013
Mortgage Broking

RBA Rate decision – September 2013

Not even the biggest of mug punters would have bet on a further rate cut this month so close to Saturday’s federal election.  That’s right, as expected the RBA left the cash rate on hold.  Even though the RBA is independent of any sitting government, it is fair to say the upcoming election, in my view, is something the RBA must factor into th...

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05/02/2013
Mortgage Broking

RBA Rates Decision – February 2013

The RBA left interest rates on hold today, which was expected by most economists and commentators, although the inflation data was lower than consensus opening the window for a possible cut.  However the strong employment position would have outweighed the need for a cut right now.  So the cash rate remains at 3.00% This easing cycle has seen ...

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17/05/2012
Mortgage Broking

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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17/03/2012
Mortgage Broking

RBA Rates Decision – March 2012

The cash rate has been left on hold this month as the RBA believes it has adequately priced the access of money in the economy to ensure the long term growth of the economy. Meanwhile many economists argue the cash rate is too high to stimulate the economic growth, as soft market conditions in the two largest states of NSW and Victoria, have been o...

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05/10/2010
Mortgage Broking

Rates on the Rise….?

I can understand why we are referred to as the ‘Lucky Country’.  Great climate, enough fertile land to produce food to support our population & provide a great quality of life and standard of living, stable government (well sort of) and the most important thing from an investors view point - an economy that has grown over the last 20 years...

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