#cashrate

[yaseenmirza8108332771-blog]

RBA decision to raise cash rate Australia’s 12th hike in 14 months

Official interest rates rise above 4 per cent as RBA hikes June 2023

The Reserve Bank has lifted its official interest rate to 4.1 per cent, a level not seen since early 2012.

Reserve Bank governor Philip Lowe again sounded a warning about the rising cost of services, such as hospitality, which are labour intensive and vulnerable to rising wages.

“Recent data indicate that the upside risks to the inflation outlook have increased and the board has responded to this,” he noted in his post-meeting statement.

“While goods price inflation is slowing, services price inflation is still very high and is proving to be very persistent overseas. Unit labour costs are also rising briskly, with productivity growth remaining subdued.”

In particular, Mr Lowe drew attention to last week’s slightly bigger than expected rise in minimum and award wages, which was the highest in decades.

“Wages growth has picked up in response to the tight labour market and high inflation,” he observed.

Graham Cooke, head of consumer research at Finder, said the decision came as a shock to many.“The RBA continues to operate in the dark, as our panel of economists are split on the bank’s intentions,” he said.“Aussies with an average loan size of $577k will be spending over $15k more per year on their mortgage compared to what they were in April last year.“That’s an additional $1,200 every month – a huge amount of extra money to be forking out on your mortgage.”RateCity.com.au research director Sally Tindall said many Australian households are facing a financial reality few could have forecast when rates were at the historic low of 0.10 per cent in 2022.

[farademetre]

InvestTalk - 7-21-2023 – Is It Time to Move Away from Bonds in Your Portfolio?

Bonds give a yield that is usually fixed for the bond's life, whereas cash rates are almost 5% but can fluctuate at any time.

[loanpost]

RBA cash rate changes

[certaincollections]

At least five out of sixteen regions in NZ have hit new median prices for housing; one region held on to the same median value, while twenty others rose to record highs. Auckland is one of them. The Auckland housing market clocked a 25% increase in price, which placed its new median at a record $1,150,000 in June.

Median hikes outdoing expectations and buyer sentiments

Following Auckland’s suit, Marlborough raked up a median hike of 56 percent to $705,000, Waikato rose by 19.7% to $736,000, Taranaki by 41.5% to $580,00, Southland went up by 23.2% to $420,000, and Manawatu/Wanganui by 35.6% to $580,00.

[loanswithbipin]

𝐑𝐁𝐀 𝐑𝐚𝐭𝐞 𝐔𝐩𝐝𝐚𝐭𝐞 In today's meeting, RBA have decided to maintain its existing policy including official cash rate at 0.25%. This is due to several reasons including the decline in COVID-19 infection rate, easing on restrictions and a sign of recovery could be seen due to large fiscal packages and significant easing in monetary policies. #LoansWithBipin #FinwebUpdate #RBA #CashRate #Loans #HomeLoans #Mortgage #Kubaer #KFS (at Finweb Home Loans) https://www.instagram.com/p/CA7ajpclMZu/?igshid=8p0bbrhcdgu3

[dezvoltarefinanciara]

Reserve Bank of Australia leaves cash rate unchanged at 1.50% #interestrate #interestrates #interest #unchanged #2018 #december #australia #aud #cashrate #news #rba #reservebankofaustralia #dobanda #dobandadereferinta #update #newsoftheday #aussie (at Romania) https://www.instagram.com/p/Bq9SruRB7cH/?utm_source=ig_tumblr_share&igshid=e4wvl9r22r14

[lotushomesqld-blog]

INTEREST RATES News just in #homeloans #finance #newhome #newconstruction #brisbanebuilder #buildersbrisbane #northsidebuilder #buildersnorthside #lotushomes #lotushomesqld #houseandlandforsale #houseandland #cashrate #interestrate #firsthomebuyer #firsthomeowner #firsthomeownersgrant (at Upper Caboolture, Queensland, Australia)

[lucrative1-blog1]

The Reserve Bank of Australia has just handed down the first decision for 2017. The cash rate will remain at a record low of 1.5%. 

The decision came as no surprise to most economist and financial experts.

In making the decision, the RBA took into consideration the strong Australian dollar, weak gross domestic product (GDP) growth and an sluggish inflation rate. 

And while some economists believe the RBA would like to lower the cash rate even further, many lenders have increased their rates for fixed interest loans and today AMP announced an increase in their variable home loan rate for investment properties.

[loanpost]

The RBA has increased the official cash rate by 25 basis points from 0.1% to 0.35%. This cash rate has increased for the first time in more than 11 years since November 2010.

Know More- https://www.loanpost.com.au/changes-in-rba-cash-rate-and-its-effect-on-mortgage-rates

[paulscanlonprimecapital]

At its meeting today, the Board decided to leave the cash rate unchanged at 2.0 per cent. ‪#‎cashrate‬ ‪#‎RBA‬ ‪#‎monetarypolicy‬

Read more here: http://www.rba.gov.au/media-releases/2015/mr-15-18.html

[loanswithbipin]

𝐑𝐁𝐀 𝐑𝐚𝐭𝐞 𝐔𝐩𝐝𝐚𝐭𝐞 In today's meeting, RBA have decided to maintain its existing policy including official cash rate at 0.25%. This is due to several reasons including the decline in COVID-19 infection rate, easing on restrictions and a sign of recovery could be seen due to large fiscal packages and significant easing in monetary policies. #LoansWithBipin #FinwebUpdate #RBA #CashRate #Loans #HomeLoans #Mortgage #Kubaer #KFS (at Finweb Home Loans) https://www.instagram.com/p/CA7agg_lJTy/?igshid=jou3a8fy3ral

[gebritt]

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[slimandt0ned-blog]

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[paulscanlonprimecapital]

At it’s monthly meeting, the cash rates remain unchanged at 2.0 per cent