Category: Mortgage Broking

RBA Interest Rate Announcement 19th March 2024

At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent. Wages growth picked up a little further in the December quarter, but appears to have peaked with indications it will moderate over the […]

RBA Interest Rate Announcement 6th February 2024

At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent. Inflation continued to ease in the December quarter. Despite this progress, inflation remains high at 4.1 per cent. While there are encouraging signs, […]

Helping your kids get on the property ladder

Nurturing Future Homeowners: A Brief Guide for Parents in Australia As parents, we share the common goal of providing our children with a strong start in life. However, the challenges of soaring property prices and fluctuating mortgage rates can make stepping onto the property ladder seem daunting. In this article, we will explore practical methods […]

RBA Interest Rate Announcement 5th December 2023

At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent. Last month, the Board increased interest rates by 25 basis points, following a period of four months where it had held interest rates […]

RBA Interest Rate Announcement 7th November 2023

At its meeting today, the Board decided to raise the cash rate target by 25 basis points to 4.35 per cent. It also increased the interest rate paid on Exchange Settlement balances by 25 basis points to 4.25 per cent. Inflation in Australia has passed its peak but is still too high and is proving […]

RBA Interest Rate Announcement 3rd October 2023

At its meeting today, the Board decided to leave the cash rate target unchanged at 4.10 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.00 per cent. Interest rates have been increased by 4 percentage points since May last year. The higher interest rates are working to establish a more […]

RBA Interest Rate Announcement 5th September 2023

At its meeting today, the Board decided to leave the cash rate target unchanged at 4.10 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.00 per cent. Inflation in Australia has passed its peak and the monthly CPI indicator for July showed a further decline. The Australian economy is experiencing […]

RBA Interest Rate Announcement 1st August 2023

At its meeting today, the Board decided to leave the cash rate target unchanged at 4.10 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.00 per cent. Interest rates have been increased by 4 percentage points since May last year. The higher interest rates are working to establish a more […]

RBA Interest Rate Announcement 4th July 2023

At its meeting today, the Board decided to hold the cash rate target steady at 4.10 per cent. It also left the interest rate on Exchange Settlement balances unchanged at 4.00 per cent. The current higher interest rates are working to establish a more sustainable balance between supply and demand in the economy and will […]

RBA Interest Rate Announcement 6th June 2023

At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 4.10 per cent. It also increased the interest rate paid on Exchange Settlement balances by 25 basis points to 4.00 per cent. Inflation in Australia has passed its peak, but at 7 per cent is still too […]

RBA Interest Rate Announcement 2nd May 2023

At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 3.85 per cent. It also increased the rate paid on Exchange Settlement balances by 25 basis points to 3.75 per cent. Inflation in Australia has passed its peak, but at 7 per cent is still too high […]

RBA Interest Rate Announcement 4th April 2023

At its meeting today, the Board decided to leave the cash rate target unchanged at 3.60 per cent and the interest rate on Exchange Settlement balances unchanged at 3.50 per cent. This decision follows a cumulative increase in interest rates of 3½ percentage points since May last year. The Board recognises that monetary policy operates […]

RBA Interest Rate Announcement 7th March 2023

At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 3.60 per cent. It also increased the interest rate on Exchange Settlement balances by 25 basis points to 3.50 per cent. Growth in the Australian economy has slowed, with GDP increasing by 0.5 per cent in the […]

RBA Interest Rate Announcement 7th February 2023

At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 3.35 per cent. It also increased the interest rate on Exchange Settlement balances by 25 basis points to 3.25 per cent. In Australia, CPI inflation over the year to the December quarter was 7.8 per cent, the […]

RBA Interest Rate Announcement 6th December 2022

At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 3.10 per cent. It also increased the interest rate on Exchange Settlement balances by 25 basis points to 3.00 per cent. The Australian economy is continuing to grow solidly. Economic growth is expected to moderate over the […]

Verified by MonsterInsights