August 2016 Interest Rate Announcement

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  The current cash rate has been cut to a record low of 1.5%! The Reserve Bank of Australia announced today they would cut the cash rate to a record low. ‘The RBA has acted on last weeks figures showing inflation at a 17 year …

The RBA has elected to hold tight.

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The RBA has elected to hold off from making any change to the cash rate change in July. The current cash rate stays at 1.75%. ‘The Reserve Bank of Australia announced the cash rate would remain unchanged. The Federal Election and the Brexit Vote would definitely be contributing …

RBA puts freeze on changes in June.

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It’s the start of Winter and the RBA has put a freeze on any further cash rate changes in June. The current cash rate stays at 1.75%. ‘The Reserve Bank of Australia announced the cash would remain unchanged, though many economists believe there may be a …

The First Interest Rate Announcement for 2016

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The RBA has left interest rates at a cash rate of 2% where it has been since May 2015.  The current cash rate is 2% ‘Despite falls in Melbourne and Sydney property prices in December the Reserve Bank has decided to let the APRA enforced increase …

Santa or Scrooge?

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This week the RBA has decided to neither be Santa or Scrooge by leaving interest rates on hold for the last meeting of 2015. The current cash rate is 2% ‘This approach by the Reserve Bank was predicted by most …