The Reserve Bank of Australia (RBA) has announced a hold on the cash rate of 4.10% at today’s meeting. The Reserve Bank’s decision to hold the cash rate reflects a cautious and considered approach amid a complex domestic and global economic environment. Ongoing global trade uncertainties and the approaching federal election in early May 2025 […]
After a challenging year, the RBA has met for the final time in 2020 and decided to leave the cash rate unchanged. After reducing the rate three times during the year, including to a record low of .10% last month, the RBA opted to wait until its next meeting in February to further assess the
As the country tunes in for the 2020 Melbourne Cup, the cash rate decision for November has been announced and rates have been cut. In response to the economic impact being caused by the COVID-19 crisis, the RBA reduced the cash rate by 0.15% to a new record low of 0.1%. In making this change
The Reserve Bank today confirmed the official cash rate will remain at 0.10% for the foreseeable future. Rising inflation and falling unemployment led to speculation in the lead up to the meeting that the RBA would be forced to reassess its 2024 forecast for the next rate rise. With future rate rises linked to wages
As widely expected the Reserve Bank held rates at 0.10% at its board meeting today. All eyes will be on the minutes of the meeting to see if there has been any softening on the RBA’s stance that rates would not increase until 2024. Since their June meeting there has been more positive economic information,
The RBA met today and as predicted by most economic experts left the cash rate at 0.10%. The RBA has previously stated that it does not expect rates to increase until it sees sustained wage growth and inflation returning to within its target range of 2-3%. With growing speculation that APRA will be required to
The RBA has remained consistent in wanting to see a sustained period with inflation in their 2-3% target range and steady wages growth before raising the cash rate. With global uncertainties remaining and modest wage growth, expect the Reserve Bank to continue to closely monitor supply chain disruptions, increasing energy prices and global events. The
As widely expected, the RBA board confirmed today that the official cash rate would again remain at 0.10%. With inflation now within its target band of 2-3%, markets have been speculating the RBA will increase rates as early as June this year. The Central Bank will be closely monitoring for any signs of additional inflationary
As widely expected, the Reserve Bank of Australia (RBA) today increased the official cash rate by 0.50% to 2.35%. This brings the total of increases made since May to 2.25% as the RBA continues to battle a very stubborn inflation foe. In making this latest increase our central bank will have had a close eye
Following a surprise increase last month, the Reserve Bank of Australia (RBA) today again decided to increase the official cash rate by 0.25%. The decision to lift the official cash rate to 4.10% was promoted by the April Consumer Price Index increasing from 6.3% to 6.8% and concerns around the signaling effect of Friday’s announcement