RBA Updates

While Melbourne Cup Day often brings a surprise, the Reserve Bank's decision on the official cash rate earlier today contained no surprises, with confirmation the rate will remain at 0.10%. In line with previous commentary, the RBA has confirmed the view that it won't be rushing into a rate hike,…

At its monthly meeting today, the Reserve Bank has again confirmed the official cash rate will remain at 0.10%. Concerns continue to be expressed that record low interest rates are fuelling a housing boom, increasingly putting property ownership out of the reach of many prospective first home buyers and placing…

At its monthly meeting today, the Reserve Bank has again confirmed the official cash rate will remain at 0.10%. As the country starts to discuss what post-lockdown life will look like, the focus out of the meeting will be on the RBA's government bond-buying program. Prior to last month's meeting…

As anticipated the Reserve Bank board maintained the official cash rate at 0.10% today. Despite the economic handbrake from the latest round of COVID-19 lockdowns, some economists are speculating that the RBA has underestimated the strength of the economic recovery, leading to predications that rates will start to increase towards…

The RBA held its monthly board meeting today and as expected, maintained the cash rate at 0.10%. As a sign the economy is growing at a healthy but controlled pace, the RBA is heavily focused on restoring inflation to within its 2-3% target range. The recently released March quarter consumer…

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…

The RBA met today, leaving the cash rate at 0.10%, in line with their previous guidance that they expected rates to remain unchanged for some time. The market has been speculating that rates may rise as early as late next year based on optimism around the vaccine rollout, surging iron…

Today the RBA met for the first time in 2021 and have decided to leave the cash rate unchanged at 0.10%. Our central bank will have been encouraged by recent better than expected unemployment and CPI numbers. It will also be keeping a close eye on rising house prices, lending…

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…

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…