RBA cash rate for December raised to 3.10%
The Reserve Bank of Australia (RBA) today decided to increase the official cash rate for the eighth consecutive month, this time by 0.25% to 3.10%. Today’s increase follows speculation that rates may be starting to approach their peak with falling house prices in some capital cities, decreasing demand for credit and lower October inflation numbers. […]
RBA cash rate for November raised to 2.85%
The Reserve Bank of Australia (RBA) today decided to increase the official cash rate for the seventh consecutive month, this time by 0.25% to 2.85%. Today’s increase follows higher than anticipated September quarter Consumer Price Index (CPI) figures as the RBA continues to battle inflation. If you’d like to have a chat about what today’s […]
RBA cash rate for October raised to 2.60%
The Reserve Bank of Australia (RBA) today decided to increase the official cash rate, by 0.25% to 2.60%. In considering the size of the increase, the RBA board appears to be continuing to focus on reducing inflation against the backdrop of falling house prices in many areas of Australia, a weakening Australian dollar and concerns […]
As expected, RBA cash rate for September increased to 2.35%
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 […]
RBA rises August cash rate to rein back inflation
The Reserve Bank of Australia (RBA) today decided to increase the official cash rate by 0.50%% to 1.85%%. The increase follows a slightly better than expected annual inflation figure of 6.1 per cent in the June quarter and falling house prices in some eastern state cities. Balancing out these factors is an unemployment rate of […]
As expected, RBA cash rate once again increased for July
The Reserve Bank of Australia (RBA) today decided to increase the official cash rate, by 0.50% to 1.35%. With the RBA continuing to try and head off inflation before it takes too strong a hold on our economy, the decision was made to raise the rate. Lenders can set interest rates independently of RBA movements […]
Once again, RBA cash rate has increased for June
The Reserve Bank today decided to increase the cash rate, by 0.50% to 0.85%. The RBA has made the decision to increase rates primarily as a lever to return inflation to its target levels, which is currently sitting higher than target at 5.1%. Wage growth is currently at 2.4%, which in real terms is -2.7% […]
As expected, RBA cash rate has increased for May
At its monthly meeting today, the Reserve Bank has decided to increase the official cash rate from 0.10% to 0.35%. An increase in rates has been highly anticipated following the release of higher than expected inflation figures last week. There was however speculation that the RBA may have delayed this increase until after the federal […]
Keeping consistent, RBA cash rate remains unchanged for April
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 expected, RBA cash rate remains unchanged for March
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 […]