All of the banks are lining up and the gates are drawn and they are off! But is looks like there will be neigh change for the month of November. In the RBA's meeting today, the Board have decided to leave the cash rate unchanged at 1.50 per cent. The global economy is continuing to [...]
It would appear that the RBA don't like change very much, at their meeting today, the Board decided to leave the cash rate unchanged, so it will continue to sit at its record low of 1.50% for another month (which we are not complaining about!). In their official statement, the RBA stated "In Australia, the economy [...]
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, [...]
Dr. Emmett Brown: You've got to come back with me! Marty McFly: Where? Dr. Emmett Brown: Back to the future! The Reserve Bank of Australia met today and for them it really was a case of back to the future! The week before last we were sure the RBA were thinking all was good [...]
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 [...]
