At it's meeting today, the board of the Reserve Bank of Australia have announced a drop in the cash rate by 25 basis points to 1.00%, a new record low.
At it's meeting today, the board of the Reserve Bank of Australia have announced a drop in the cash rate by 25 basis points to 1.00%, a new record low.
At it's meeting today, the board of the Reserve Bank of Australia have announced a drop in the cash rate by 25 basis points to 1.25%, a new record low.
In a statement from Reserve Bank of Australia Governor Philip Lowe, it confirms "the Board took this decision to support employment growth and provide greater confidence that inflation will be consistent with the medium-term target".
Recently, the Federal Government introduced the Protecting Your Super package, designed to ensure that members are not paying for insurance cover that they do not know about, or premiums that inappropriately diminish their retirement savings.
At it's meeting on May 7th, the board of the Reserve Bank of Australia have announced the cash rate will remain unchanged at 1.50%
The Reserve Bank of Australia (RBA) and the major trading banks may play the most visible role in setting interest rates, but in many cases they are being reactive rather than proactive.
With the Federal Budget brought forward to Tuesday the 2nd of April this year (ahead of the upcoming federal election) it is timely to provide an overview of the Budget proposals relating to Super, Tax & Social Security, and consider how these proposed measures would affect clients and their financial plans. To a large extent, we can look at the Budget as part of the Government’s re-election campaign, and so it’s also worth summarising the Opposition’s policies on the same topics.
Financial Planning. That’s for people with lots of money to invest, isn’t it?
Not necessarily.
Tuesday night’s Federal Budget, delivered a month early in anticipation of the upcoming Federal Election, contained a variety of measures across taxation, superannuation, social security and aged care that will affect many of our clients and their financial plans. Please note that these proposals are not yet legislated, and as always, the team at AGS Financial Group are well placed to advise you on your strategic options as these proposals progress.
At it's meeting on April 2nd, the the board of the Reserve Bank of Australia have decided to once again leave the cash rate unchanged at 1.50%
At it's meeting today, the the board of the Reserve Bank of Australia have decided to leave the cash rate unchanged at 1.50%
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