Reserve Bank cuts cash rate, savings loom for borrowers

The Reserve Bank of Australia will hold its monthly board meeting on Tuesday 4 June to decide whether it will keep interest rates on hold for another month, or – as is widely expected – cut rates to a record low. A cut of 25 basis points tomorrow would bring the official cash rate down to 1.25 per.

Reserve Bank governor. pass on the full cut in the off­icial interest rate to help drive economic growth, after two of the nation’s biggest lenders ignited customer anger by pocketing part of the.

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A weakening job market and tepid inflation has led the Reserve Bank to cut the official cash rate (ocr) to an all time low.. On Wednesday the new monetary policy committee announced the OCR, which.

A slowing economy has prompted the Reserve Bank cut cut the official cash rate to 1.5 per cent, the lowest ever.

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The monthly cash rate announcement has finally become interesting again, with the Reserve Bank of Australia (RBA) cutting the cash rate today for the first time since August 2016. The RBA lowered the official cash rate by 25 basis points from 1.50% to 1.25%, which is a new record low.

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Reserve Bank cuts cash rate to record low of 1 per cent. off much of their deposit business if they cut savings rates much. RBA’s rate cuts back to borrowers. After the June 4 cut of 0.25.

The Reserve Bank of New Zealand has cut its official cash rate by 25 basis points. The policy goal of having lower interest rates is to support what is expected to be sagging economic activity and support full employment. But for this to happen, the OCR cut needs to flow through to the real economy.

This is the second cut in a row after the RBA lowered the cash rate to 1.25% in June, the first time it had touched the rate since August 2016. 68% of the economic experts in Finder’s RBA survey.

The Reserve Bank of Australia is seriously worried about the state of the economy, with its second rate cut in a. to keeping savings in the bank at the moment? SALLY AULD: Well, term deposit rates.

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