It was the RBA Governor, Glenn Stevens, last meeting today prior to stepping down from his RBA role and with rates at an all-time low, the outcome was generally predicted as a hold. But with plenty of “crazy” happening around the globe right now, you really just don't know! As per our ‘Loop Alerts’ last [...]
Whilst the world’s leading athletes are off to the home of ‘Zumba’ this week to put each other to the test, “team RBA” has come out blazing today with its own ridiculous record reducing our official cash rate by 0.25% to a record low of 1.50%! The Commonwealth Bank was the first to move after the announcement, [...]
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HOOOOOLLLLLDDDD! Today the Reserve Bank of Australia met and decided to go all Braveheart and hold the official cash rate at the record low of 1.75%. The central bank last moved in May 2016, with a 0.25% cut which was well received by both existing home owners and property investors, as well as those looking [...]
WOWZA! We have hit a new record! Yep today the Reserve Bank of Australia decided to cut the official 2% cash rate by 25 basis points to a new record low of 1.75%!! The RBA decided to react in response to low inflation figures and a strengthening Aussie dollar it tool many official forecasters and [...]
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