The Reserve Bank of Australia (RBA) cut interest rates by 25 basis points to a fresh record-low of 1.50% at its August monetary policy meeting, a decision that was expected by a majority of.
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.
The Reserve Bank has cut its key interest rate to a fresh record low of 1.50 per cent. rba governor glenn stevens said very subdued growth in labour costs domestically and very low cost pressures globally meant inflation was expected to remain quite low for some time.
EUR/USD is trading below 1.1300, consolidating its losses. The US is mulling tariffs against the EU in response to the airbus-boeing spat. german retail sales fell by 0.6%, worse than expected..
· A cut to the RBA cash rate has sent variable rates falling as lenders pass on cheaper borrowing costs to consumers. For buyers looking to get a mortgage this is.
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The Reserve Bank has cut its official interest rate by 0.25 percentage points to a new record low of 1.25 per cent.
The Reserve Bank has cut its official interest rate by 0.25 percentage points to a new record low of 1.25 per cent. While it is the first change in the RBA’s policy setting since August 2016, it.
With the USTR’s latest proposal to levy fresh tariffs on EU goods joining uncertainty surrounding Huawei’s future after the US-China trade truce, Gold recover to $1390.35 on early Tuesday. Note: All.
Borrowers will be the beneficiaries of a likely cut to the cash rate next week, as banks prepare to reset mortgage rates to fresh record lows.
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RBA cuts rates to a new record low. June 5, 2019. As had become widely expected in the past two weeks the Reserve Bank of Australia has cut the official cash rate by 0.25% which takes it to 1.25%. This is the first move in official interest rates since August 2016 but is the 13th rate cut in this rate cutting cycle that started back in.
The Reserve Bank of Australia has cut the cash rate to a fresh record low of 1.0 per cent, reducing the cost of borrowing for two months in a row for the first time since 2012.