Category: Banking & Mortgage Solutions

RBA Interest Rate Announcement 2nd August 2022

At its meeting today, the Board of the Reserve Bank of Australia have decided to increase the cash rate target by 50 basis points to 1.85 per cent. It also increased the interest rate on Exchange Settlement balances by 50 basis points to 1.75 per cent. The Board places a high priority on the return […]

RBA Interest Rate Announcement 5th July 2022

At its meeting today, the Board of the Reserve Bank of Australia have decided to increase the cash rate target by 50 basis points to 1.35 per cent. It also increased the interest rate on Exchange Settlement balances by 50 basis points to 1.25 per cent. Inflation is forecast to peak later this year and […]

RBA Interest Rate Announcement 7th June 2022

At its meeting today, the Board of the Reserve Bank of Australia have decided to increase the cash rate target by 50 basis points to 85 basis points. It also increased the interest rate on Exchange Settlement balances by 50 basis points to 75 basis points. Inflation in Australia has increased significantly. While inflation is […]

RBA Interest Rate Announcement 3rd May 2022

At its meeting today, the Board of the Reserve Bank of Australia have decided to increase the cash rate target by 25 basis points to 35 basis points. The Board judged that now was the right time to begin withdrawing some of the extraordinary monetary support that was put in place to help the Australian […]

The Risk of Losing your Home

As house prices spiral ever higher and interest rates test record lows, it has never been easier for anyone to borrow too much when buying a home and then suddenly find themselves struggling to meet the repayments. And the number of Australians in this situation is growing. Research by the University of NSW suggests the […]

RBA Interest Rate Announcement 5th April 2022

At its meeting today, the Board of the Reserve Bank of Australia have decided to maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances at zero per cent. The Australian economy remains resilient and spending is picking up following the Omicron setback. The strength of the Australian economy is […]

RBA Interest Rate Announcement 1st March 2022

At its meeting today, the Board of the Reserve Bank of Australia have decided to maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances at zero per cent. The global economy is continuing to recover from the pandemic. However, the war in Ukraine is a major new […]

RBA Interest Rate Announcement 1st February 2022

At its meeting today, the Board of the Reserve Bank of Australia have decided to maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances at zero per cent. It also decided to cease further purchases under the bond purchase program, much like other central banks overseas, with […]

RBA Interest Rate Announcement 7th December 2021

At its meeting today, the Board of the Reserve Bank of Australia have decided to maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances at zero per cent. The Australian economy is recovering from the setback caused by the Delta outbreak. High rates of vaccination and substantial […]

RBA Interest Rate Announcement 2nd November 2021

At its meeting today, the Board of the Reserve Bank of Australia have decided to maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances at zero per cent. The Australian economy is recovering after the interruption caused by the Delta outbreak. Inflation has picked up, but in […]

RBA Interest Rate Announcement 5th October 2021

At its meeting today, the Board of the Reserve Bank of Australia have decided to maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances at zero per cent. The Delta outbreak has interrupted the recovery of the Australian economy and GDP is expected to have declined materially […]

RBA Interest Rate Announcement 7th September 2021

At its meeting today, the Board of the Reserve Bank of Australia have decided to maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances of zero per cent. Prior to the Delta outbreak the Australian economy had considerable momentum. GDP increased by 0.7 per cent in the […]

RBA Interest Rate Announcement 3rd August 2021

At its meeting today, the Board of the Reserve Bank of Australia have decided to maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances of zero per cent. The economic recovery in Australia has been stronger than was earlier expected. The recent outbreaks of the virus are, […]