RBA Cash Rate Announcement – November 2022
RBA governor Philip Lowe forewarned another rate rise would be necessary after the latest inflation figures remained stubbornly high. And today, the central bank was true to his word, hiking by 25 basis points to see the new cash rate sit at 2.85%. Lowe said inflation in Australia is too high, registering 7.3% over the […]
RBA Cash Rate Announcement – October 2022
The RBA has hiked the cash rate again in October, though this time it took the foot of the throttle slightly and hiked by 25 basis points instead of 50, to now sit at 2.6%. Many analysts had been anticipating the full 50 point rise, especially on the back of the latest inflation figures, so […]
RBA Cash Rate Announcement – September 2022
Variable rate mortgage holders are in for more pain after the RBA raised the cash rate by another 50 basis points at its September meeting today. The cash rate now sits at 2.35%, which is its highest level since the beginning of 2015. RBA Governor Philip Lowe said that the outlook for global economic growth […]
RBA’s April 2022 decision
The RBA opted to hold the official cash rate at 0.1% at today’s monthly meeting, which came as little surprise as Australia waits for an election to be called. However, the central bank boss again flagged that changing economic conditions could see an interest rate hike in the near future. “Inflation has increased sharply in […]
The Lending Year That Was In 2021
The lending year that was in 2021 2021 was another crazy year in every sense of the word. Of course there was the pandemic, which put a stamp on us all for the second year running, with the Delta variant first becoming the dominant strain of Covid, followed by Omicron at the end of the […]
RBA Announcement November 2021
It’s all about the number ‘1’ this month for the RBA, after it left rates on hold yet again at its November meeting. It’s now 1 year since the official cash rate was last changed…and 11 years since the rate was last increased. Meanwhile, there are now more than 200 home loan product rates that […]
What The New APRA Restrictions Mean
This week the Australian Prudential Regulation Authority (APRA) intervened in the property market by tightening some of its rules around borrowing and loan serviceability. APRA wrote to banks and told them they had until the end of this month to increase the rates at which they calculate a borrower’s servicing power from 2.5% to 3%. […]
RBA Announcement September 2021
The RBA left the cash rate on hold at 0.1% at its September meeting, surprising no one.. The central bank has been telling everyone for some time now that it won’t consider a rate rise until at least 2024, even though some analysts are predicting it will hike earlier than this. And it also remains […]
RBA Announcement – August 2021
The RBA left the official cash rate on hold at 0.1% today, as rolling lockdowns keep Australia in a state of economic uncertainty. RBA governor Philip Lowe had already reaffirmed his intention not to raise rates until at least 2024, but some analysts thought the move might come earlier. However, the Delta variant of Covid […]
RBA Announcement – July 2021
The first RBA board meeting of the new financial year was one of the most eagerly anticipated in some time. Not because of what might happen with interest rates – which incidentally were left on hold at 0.1% for the eighth consecutive month – but because the RBA was expected to begin winding back parts […]
