Category: News

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Interest Rate News

April 2, 2019/Aqua Connect/0 Comments

At its April meeting, the Reserve Bank of Australia (RBA) decided to keep the official cash rate at 1.5% – taking a ‘wait and see attitude’ before the Federal Budget release at 7pm today. Any measures to support economic growth included in the Federal Budget are likely to influence the…

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Interest Rate News

February 5, 2019/News/0 Comments

The Reserve Bank of Australia (RBA) has met for the first time this year and decided to keep the official cash rate on hold. Flat economic data for the last quarter of 2018 will most likely motivate the RBA to leave them unchanged for some time. Meanwhile, several banks have…

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Interest Rate News

December 5, 2018/News/0 Comments

As the holiday season rapidly approaches, the Reserve Bank of Australia (RBA) met today for its final meeting of 2018. As expected, they have elected to keep the official cash rate on hold at 1.5%, where it will remain until their next meeting in February 2019. This is the 27th…

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Interest Rate News

November 7, 2018/News/0 Comments

As expected, the RBA kept the official cash rate on hold again at its November Melbourne Cup Day meeting. Forecasters are predicting no rate rises until late 2020 and don’t rule out the next move being a rate cut, considering declining home prices. However, despite auction clearance rates falling below…

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Interest Rate News

September 5, 2018/News/0 Comments

During August, Westpac raised home loan interest rates out-of-cycle and we expect other lenders to follow in the next few weeks. Auction clearance rates continued to weaken, and home values are stalling in most property markets. The recent interest rate rises are likely to cause these trends to continue during…

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Interest Rate News

July 4, 2018/News/0 Comments

As expected, the Reserve Bank of Australia (RBA) decided to leave the official cash rate on hold at 1.5 per cent at their July meeting today. This month, it’s all good news for home-owners and those in the market for a new loan! Next month (August) will bring us to…

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Interest Rate News

May 1, 2018/News/0 Comments

At its May meeting today, the Reserve Bank of Australia (RBA) decided to leave the official cash rate unchanged at 1.5 per cent. Today’s decision makes it 21 months in a row where the RBA has decided to leave the cash rate on hold. It is also the longest period…

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Interest Rate News

April 4, 2018/News/0 Comments

At its April meeting today, the Reserve Bank of Australia (RBA) decided to leave the official cash rate unchanged at 1.5 per cent. While the RBA decided to leave the official cash rate on hold for the 18th consecutive month, quite a few lenders raised their home loan interest rates…

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Interest Rate News

March 6, 2018/News/0 Comments

At its March meeting today, the Reserve Bank of Australia (RBA) decided to leave the official cash rate unchanged at 1.5 per cent. This is now the 17th consecutive month the RBA have opted to leave the cash rate steady. We can expect this trend to continue, with most analysts…

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Interest Rate News

February 7, 2018/News/0 Comments

At its first meeting for 2018, the Reserve Bank of Australia (RBA) decided to leave the official cash rate unchanged at 1.5 percent. What does this mean for interest rates? With the latest Australian Bureau of Statistics’ consumer price inflation report (CPI) coming in below expectations last week, few analysts…

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