The Reserve Bank of Australia has provided an early Christmas present for Australian Families and the struggling Retail Industry by reducing the Official Cash Rate by 0.25% to 3.25% Read more
Rate Cuts
Cash Rate Steady at 3.50%
Tuesday 4th September 2012
The Reserve Bank is continuing the policy of “Wait & See” by electing to retain the Official Cash Rate (3.5%) at the current level for another month.
The RBA has not ruled out future reductions to Interest Rates prior to the end of 2012.
Interest Rates Remain on Hold
The Reserve Bank of Australia has confirmed that the Official Cash Rate will remain at 3.50% throughout August 2012.
This decision was anticipated by Senior Economists who believe the RBA is acting cautiously, however, further reductions in Interest Rates are predicted prior to the end of 2012.
Who has the lowest Interest Rate
Considering the varying responses by the Banks to the recent RBA Interest Rate cuts there is little wonder why many borrowers are becoming confused and are asking:
“What is my new Interest Rate ?”
and
“How does my Interest Rate compare to other Banks ?” Read more
RBA continues to cuts Interest Rates !!!
The Reserve Bank of Australia announced a further reduction in Interest Rates of 0.25% p.a. (25 b.p.).
This is the 2nd consecutive month in which the RBA has been forced to reduce the Official Cash Rate to stimulate the Australian economy, which continues to be challenged by low growth and the increasing cost of living.
More Rate Cuts in 2012
A major bank economist has predicted as many as four more rate cuts before the end of the year.
Westpac chief economist Bill Evans has told Fairfax that the Reserve Bank could drop the official cash rate as low as 2.75% by the end of 2012. Evans said economic conditions are fragile, necessitating deep rate cuts.
“You can’t ignore what’s going on in the market. There’s a fair degree of disquiet. Monetary policy is too tight given the shock to confidence and fragility of the economy. Retail has lost its momentum, house prices have edged off, capital spending is quite soft excluding mining,” Evans said.
Evans forecast successive 25bp cuts in June, July and August, followed by one more before the end of 2012.
Australian Broker Online – 1/6/2012
Interest Rates to fall
Leading Economists have advised the delegates at the Mortgage & Finance Association of Australia Annual Conference to expect further Interest Rate cuts by the RBA over the next 6 – 12 months.
The questions that the economists could not predict are “Exactly when will this happen?” and “How much of the Rate Cuts will the Banks pass on to borrowers?”.
Taking Advantage of Lower Interest Rates
How can I make the most out of my reduced Home Loan Interest Rate ???
Interest Rates Fall By 0.50% p.a.
The Reserve Bank of Australia has provided a Australian families and business with a welcomed boost by announcing the official Cash Rate will drop by 50bp (0.50% p.a.).
The RBA has provided a higher than forecasted rate cut to ensure that the Australian economy will receive a boost despite the fact that Banks are not expected to pass on the full rate cut to their customers.
Two questions to be answered… Read more
ANZ Increase AND Decrease Interest Rates!!
10th February – ANZ Bank announced the following changes to Home Loan Interest Rates
1. A nominal increase of 0.06% p.a. to the Variable Interest Rate
2. A reduction of 0.15% p.a. in the 3 Year Fixed Interest Rate Read more
