Don’t wait for the banks, or the RBA, give yourself a rate cut today – InfoChoice

What economists are saying about today’s RBA rate cut – and what the bank will do next

The Reserve Bank has kept interest rates on hold in July at a record low of 2.0 per cent. The RBA’s decision was in line economists’ expectations and it is widely believed the bank will refrain from cutting rates again this year. All 14 economists surveyed by AAP expected the RBA to keep the.

I don’t know about you, but I can’t wait for it to. no one. The RBA cut the cash rate for the fourth time in the last 12 months. It’s now at 2.5%, a 53-year low. It’s a move meant to flush your.

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Interest Rate Decisions – 2019. The Reserve Bank sets the target ‘cash rate’, which is the market interest rate on overnight funds. It uses this as the instrument for monetary policy, and influences the cash rate through its financial market operations.

At its June meeting today, the Reserve Bank of Australia (RBA) cut the official cash rate to just 1.25% – the lowest level in Australian history. Analysts widely predicted a rate cut would follow hot on the heels of the Federal Election.

Speculation is high that the Reserve Bank of Australia (RBA) will be the next central bank to ease monetary policy at its meeting this week following a month of surprise policy changes across the.

The rate cut today will provide a further boost to housing affordability, which the RBA has recently suggested is back around levels not seen since 2002. “The big question now is how much of the rate cut will be passed on by the banks privately and whether this will be enough to provide a shot in the arm for the housing market.”

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The RBA decided to cut the cash rate by 0.25%, to 1.75%. Their rationale for doing so was to prop up inflation. While some expected the RBA to take a sit and wait approach, last week’s inflation.

So now we just sit back and wait to see what the Banks do. Financial Review.. The RBA is poised for another rate cut on Tuesday, even though the Sydney and Melbourne housing markets appear to have stabilised.. if you don’t have to sell, don’t. But some owners don’t have a choice, so here are tips to do it well. Linchpin Finance.

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