Reserve Bank Australia holds the cash rate at 4.35%.
At its monetary policy meeting, the Reserve Bank of Australia (RBA) Board decided to leave the cash rate target unchanged at 4.35 % and the interest rate paid on Exchange Settlement balances unchanged at 4.25 % . The three key takeaways from the September 24th meeting remain unchanged.
Inflation remains above target and is proving persistent.
The outlook remains highly uncertain.
Returning inflation to target is the RBA’s priority.
Reserve Bank of Australia holds interest cash rate at 4.35%
Reserve Bank Australia Holds the Cash rate at 4.35%
At its meeting today, the Board of the Reserve Bank of Australia decided to leave the cash rate target unchanged at 4.35 per cent, indicating stubbornness in the inflation to remain higher than the target forecast. In monetary policy, the board also decided to maintain the interest rate paid on Exchange Settlement balances at 4.25 percent, reflecting a cautious approach to financial conditions in the current economic environment.
What are the key points of today’s RBA Monetary Decision?
Inflation remains above target and is proving persistent.
The outlook remains highly uncertain.
Returning inflation to target is the priority.
2024 Australian Interest Rate Outlook.
2024 Australian Interest Rate Outlook.
I’m asked daily by my clients, “How high will Australian Interest rates go in 2024?” Or “When will interest rates drop?”
To answer the question, we have to consider many factors, including economic indicators, global trends, and the Reserve Bank of Australia's monetary policy media releases. The decision on interest rates is based on factors such as inflation, employment, and overall economic well-being. Considering the current global uncertainties, the Reserve Bank of Australia will likely adopt a cautious approach to maintain stability and encourage economic progress. Financial market observers eagerly await any signals or announcements that could reveal the path of Australian interest rates this year.
Reserve Bank of Australia decided to hold cash rates at 4.10% for three consecutive months.
Reserve Bank of Australia decided to hold cash rates at 4.10% for three consecutive months.
In the September meeting, the Reserve Bank of Australia maintained the cash rates at 4.10%. This marks the third consecutive month the cash rate has remained at this level.
Reserve Bank of Australia increase the cash rate by .25 to 3.85%
At its meeting today, the Reserve Bank of Australia Board decided to increase the cash rate target by 25 basis points to 3.85 per cent. It was expressed that inflation in Australia has passed its peak, but at 7 per cent is regarded to be too high, and it will take time to be back in the target range. Therefore, the Board decided a further increase in interest rates was warranted today
Reserve Bank Australia holds Cash rate target of 3.6%
Reserve Bank Australia holds Cash rate target of 3.6%
Reserve Bank of Australia (RBA) at its Board meeting today, decided to leave the cash rate target unchanged at 3.60 per cent and the interest rate on Exchange Settlement balances unchanged at 3.50 per cent.
Reserve Bank Australia (RBA) March Monetary Policy Meeting.
Reserve Bank Australia (RBA) March Monetary Policy Meeting.
RBA Board, during its Monetary Policy meeting today decided to increase the cash rate target by 25 basis points to 3.60 per cent. This is the tenth consecutive increase since May 2022
Reserve Bank Cash Rate February 2023
The Reserve Bank of Australia (RBA) met on the 8th of February 2023 to determine the Cash Rate for unsecured overnight loans for banks, which impacts the interest rates passed onto the mortgage home loans for Australians.
Reserve Bank of Australia increases the Cash Rate .25% from 2.35% to 2.6%
Reserve Bank of Australia increases the Cash Rate .25% from 2.35% to 2.6%
Interest rates, interesting times…
Interest rates - Interesting Times
Earlier in the year we wrote about the effect that interest rates has on the ability to borrow funds.
Effectively, as interest rates rise, the amount you can borrow reduces. Broadly, a 1% interest rate rise reduces your ability to borrow by 10% (of total debt), eg if you could borrow $1mil and rates rise 1%, then you can now only borrow $900,000.
Interest Rate 2022 -2023 Outlook
Interest Rate 2022 -2023 Outlook.
The 3rd May 2022 will it go down as a momentous day in the financial history of Australia. The weekend news was littered with the opinion of doom and gloom (relating to interest rate rises) and the effect of what interest rate rises will have on the economy.