What does this mean for you? Posted on Friday, 4th August, 2017 in Economy , Government Policy , Home Loans , Interest Rates , RBA The Reserve Bank of Australia (RBA) went into a meeting on the first of this month to discuss Australia’s cash rate, and came out with a decision to keep the rate steady at 1.5 per cent for an eleventh straight meeting.
· The Reserve Bank of Australia is widely expected to cut rates in June. This is what it means for buyers, sellers, investors and property prices.
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The RBA’s decision means that businesses with revenue over $25 million or with 50 or more employees (such as airlines and ticketing companies), will no longer be able to charge flat-rate.
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The Reserve Bank of Australia (RBA) today announced it would cut the cash rate to 1.25%. This is the first move the bank has made since it last cut the rate to 1.50% way back in August 2016.
· Your 10-second guide to today’s RBA rate decision. David Scutt. it means that all attention will fall on the accompanying monetary policy statement, particularly what the bank has to say in.
The Reserve Bank of Australia (RBA) is about to announce its final interest rate decision for 2017.
CommSec’s Tom Piotrowski explains why this might not be the time to celebrate RBA cutting interest rates. Interest Rates RBA rate cut: What the Reserve Bank decision means for housing market
Interest Rate Decisions – 2017. The Reserve Bank sets the target ‘cash rate’, which is the market interest rate on overnight funds. It uses this as the instrument for monetary policy, and influences the cash rate through its financial market operations. Decisions regarding the cash rate target are made by the Reserve Bank Board.
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Nine Network Finance Editor Ross Greenwood breaks down what you need to about today’s interest rate decision. 1. Does this mean banks will keep their rates on hold?
Which means things are grim for savers. So today I’m going to make sure you are not getting rogered by your bank. And there’s a lot of it going on: For example, did you know that, according to comparison site Mozo, banks cut rates on 59 separate savings and term deposit accounts in the month before the latest RBA decision?