Category Archives for "Reserve Bank News"

RBA Update April 2017

By Matthew Kenworthy | Reserve Bank News

The Reserve Bank today announced it has decided to leave interest rates on hold. The cash rate has now remained at 1.50% for the past 8 months. The next meeting is scheduled for Tuesday May 2. What Comments Did They Make? By reinforcing strong lending standards, the recently announced supervisory measures should help address the […]

Continue reading

RBA Update October 2016

By Matthew Kenworthy | Reserve Bank News

For the second month running, the Reserve Bank has announced no changes to the cash rate. What Comments Did They Make? Financial markets have continued to function effectively. Funding costs for high-quality borrowers remain low and, globally, monetary policy remains remarkably accommodative. Many lenders are offering record low interest rates for their target borrowers. These […]

Continue reading

RBA Update September 2016

By Matthew Kenworthy | Reserve Bank News

After cutting rates last month the Reserve Bank has left interest rates on hold. What Comments Did They Make? We’ve extracted some of the key comments relating to home loans & the housing market. Inflation remains quite low. Given very subdued growth in labour costs and very low cost pressures elsewhere in the world, this […]

Continue reading

RBA Update August 2016

By Matthew Kenworthy | Reserve Bank News

In an announcement many predicted the Reserve Bank has cut the cash rate. Just 3 months after their last rate change they have announced a 25 basis point cut. This reduces the cash rate to a new record low of 1.50% What Comments Did They Make? Supervisory measures have strengthened lending standards in the housing […]

Continue reading

RBA Update July 2016

By Matthew Kenworthy | Reserve Bank News

The Reserve Bank has left interest rates on hold at its July meeting. There have been a number of significant economic events (as well as non-events) recently and the RBA is taking a cautious approach. Meeting notes indiciate that they are waiting to see what effects (if any) the outcome of the ‘Brexit’ has on […]

Continue reading

RBA Update June 2016

By Matthew Kenworthy | Reserve Bank News

The Reserve Bank has left interest rates on hold at its June meeting. This should come as little surprise after the May rate cut. The majority of bank economists greed that the RBA would take a ‘wait & see’ approach to the effect of the cut. If you’re interested in finding out which banks passed […]

Continue reading
1 2 3