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RBA Rate Decision – July 2014

Hello, Ben Kingsley here. Welcome to the new Financial Year. Today, the Reserve Bank of Australia (RBA) met and we have well predicted, interest rates remain on hold. What was interesting over the last month is being the communication that is coming out from the Reserve Bank in regards to a sluggishness in the transition of our economy from the ...

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RBA Rate Decision – June 2014

Today the Reserve Bank met and kept interest rates on hold for another month. It's amazing what can happen after a federal budget and more importantly, an austere federal budget. We're actually seeing what I said in my last video from last month is that this budget is an important budget. And it's an important budget in terms of momentum in the ...

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RBA Rate Decision – May 2014

Hello, Ben Kingsley here and today the RBA met and release their cash right decision. As anticipated by many, the cash rate was kept on hold at 2.5 percent. In this month I want to talk to you about the big pending discussions which is dominating the financial sector at the moment and that is the budget. Next Tuesday night's budget and what that me...

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RBA Rate Decision – April 2014

Today the RBA has left the cash rate on hold at 2.5%. So that's another month where interest rate are at historical low. Now, Glenn Stevens made a parliamentary comment earlier this month, basically saying that they see a period of stable cash rate position and monetary position. Now that's good news for the general economy because what it does ...

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RBA Rate Decision – March 2014

The RBA has just announced their decision to keep rates on hold. What we have seen from the start of the year where we had lots of economists still tipping a rate reduction, and a cash rate around 2%, we are currently sitting on 2.5% and the commentary is changing. The flavor of the message from the RBA is changing from a 'we still got some furt...

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RBA Rate Decision – February 2014

Hello Ben Kingsley here with the RBA rates announcement just released. Cash rate remained on hold at 2.5%. The RBA will also release the minutes of the meeting which will give us a further indication in terms of how they're looking and what sort of position they are taking in terms of rates. Right now though, I think the settings are about ri...

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RBA Rate decision – November 2013

The RBA once again has left interest rates on hold at their board meeting today. So the cash rate still remains at record low levels (2.50%). If we look at the RBA Rate Indicator at the start of November only 5% of the market watchers expected the cash rate to be reduced at this meeting. So where are the rate’s heading?... Well it’s still ver...

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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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RBA Rate decision – August 2013

As heavily anticipated at its board meeting today the RBA has reduced the cash rate by 0.25% to 2.5%.  Glenn Stephen’s comments earlier this month around having ‘reasonable scope’ to reduce rates follows on from his previous comments regarding the slower than anticipated move in economic activity away from the mining sector into the general ...

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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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RBA Rate decision – July 2013

Although the RBA still has scope to move on rates, as indicated within minutes of its last board meeting, they chose to leave rates on hold this month, which was in line with the market consensus of most economists. Helping them with this decision was the movement in the Australia dollar, which has now found a base around the 92 cents US.  The ...

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RBA Rate decision – June 2013

Although Shane Oliver (AMP Capital), a high profile economist, had predicted another rate cut this month, the RBA decided to leave the cash rate on hold for now at its board meeting today. Bill Evans, another high profile economist (Westpac) was also in the cut camp until only last week, when some positive data and the declining dollar swayed hi...

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