RBA

2024 - 6 - 18

RBA Interest Rates: What to Expect and How It Affects You

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Get ready for some surprising twists in the Reserve Bank's decision-making process! Find out how this impacts your mortgage and the economy.

The Reserve Bank of Australia (RBA) is at a critical juncture, with speculations rife about whether there will be a rate hike, a cut, or the rates will remain unchanged. Most economists predict a hold this month, but the cash rate of 4.35% may see a shift soon. As struggling homeowners eagerly await relief, Governor Michele Bullock is set to address the media to shed light on the RBA's policy decisions.

On the horizon for mortgage holders is a potential wait until next year for any favorable changes in interest rates, with inflation progress stagnating. Despite optimistic sentiments among borrowers, the RBA is leaning towards maintaining the status quo, leaving many anticipating the official announcement from the central bank. With one in five experts forecasting rate stability until mid-2025, the future of interest rates remains uncertain.

In parallel, concerns about a looming recession are escalating, with economists cautioning about the risks associated with interest rate adjustments. The RBA's insistence on passing on Buy Now, Pay Later (BNPL) costs to consumers has also stirred discussions, hinting at possible changes in payment dynamics. Share markets are reflecting this uncertainty in real-time, with fluctuations coinciding with the RBA's deliberations.

As the RBA maintains its decision to keep the cash rate at 4.35%, the economy braces for potential shifts in the upcoming months. The impact of RBA's choices extends beyond mortgage rates, influencing consumer behavior and broader economic trends. Stay tuned for more updates as the Reserve Bank continues its efforts to balance economic stability and growth.

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Image courtesy of "SBS"

Will the Reserve Bank hike, cut or leave rates on hold? Here's what ... (SBS)

Most Australian economists are in agreement about what the RBA will decide this month. The official cash rate is 4.35 per cent. That could change by Tuesday ...

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Image courtesy of "Reserve Bank of Australia"

Online Retail Payments – Some Policy Issues | Speeches (Reserve Bank of Australia)

Speech delivered by Ellis Connolly, Head of Payments Policy, at the Merchant Risk Council Conference, Melbourne.

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Image courtesy of "The West Australian"

RBA interest rates: Live updates from the Reserve Bank of ... (The West Australian)

The Reserve Bank is expected to hold fire on any move on interest rates today. But struggling homeowners will be hoping the economists are proved right and ...

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Image courtesy of "FXStreet"

RBA set keep interest rate steady again amid elevated service inflation (FXStreet)

Reserve Bank of Australia Governor Michele Bullock will hold a press conference at 05:30 GMT. The Australian Dollar could see a big reaction to RBA's policy ...

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Image courtesy of "NEWS.com.au"

Bad news for everyone with a mortgage (NEWS.com.au)

Struggling homeowners will likely have to hold on until next year at the earliest for mortgage relief.

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Image courtesy of "The Northern Daily Leader"

Low interest in cutting rates with RBA likely to hold (The Northern Daily Leader)

Stalling progress on inflation suggests borrowers will have to wait for interest rate relief with the Reserve Bank of Australia likely to stay on hold and ...

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Image courtesy of "Illawarra Mercury"

Upbeat borrowers await RBA decision on interest rates (Illawarra Mercury)

Ahead of the June Reserve Bank of Australia cash rate meeting, mortgage-holder confidence was showing signs of improvement.

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Image courtesy of "Mortgage Professional America"

One in five experts think RBA will hold rate until July 2025 or later (Mortgage Professional America)

Ahead of the Reserve Bank of Australia's (RBA) cash rate decision today, June 18, one in five experts surveyed by Finder has predicted that the rate will ...

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Image courtesy of "Independent Australia"

Reserve Bank playing with fire — beware of the creeping recession (Independent Australia)

The RBA is risking repeating the errors that led to the deep and dark recession of the early 1990s. Stephen Koukoulas reports.

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Image courtesy of "The Australian"

RBA wants retailers to pass on BNPL costs (The Australian)

Consumers could soon be paying more to use buy now, pay later services, with the Reserve Bank indicating it may compel operators such as Afterpay to ditch ...

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Image courtesy of "The Australian Financial Review"

ASX 200 LIVE: ASX rallies ahead of RBA; Fortescue, Beach shares fall (The Australian Financial Review)

Shares advance; S&P 500 resets record close for 30th time this year; Fortescue Metals shares drop after $1.1 billion block trade; Reserve Bank cash rate ...

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Image courtesy of "Business Standard"

Asian stocks push higher Australian dollar firm ahead of RBA rate ... (Business Standard)

The main market focus in Asian hours on Tuesday was on the Reserve Bank of Australia's (RBA) policy decision, where expectations are for the central bank to ...

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Image courtesy of "Daily Telegraph"

Dire double-punch RBA rate rise prediction spells political doom (Daily Telegraph)

Leading economists warn that the Reserve Bank of Australia will be forced to lift interest rates even higher to counter the inflationary impact of Anthony ...

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Image courtesy of "ABC News"

Live updates: RBA expected to leave interest rates on hold at 4.35 ... (ABC News)

The Reserve Bank is likely to keep interest rates on hold at a 12-year high of 4.35 per cent this afternoon, and the Australian share market has risen after ...

Statement by the Reserve Bank Board: Monetary Policy Decision ... (Reserve Bank of Australia)

At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances ...

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Image courtesy of "Money Management"

Rba Announces Latest Rate Decision (Money Management)

The Reserve Bank of Australia (RBA) has left the cash rate unchanged at 4.35 per cent for the fifth consecutive time, but reiterated that it can't rule ...

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Image courtesy of "Savings.com.au"

Cash rate to remain at 4.35% until at least August (Savings.com.au)

The cash rate will remain at the current 4.35% at least until the Reserve Bank board reconvenes in August.

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Image courtesy of "The Australian Financial Review"

RBA interest rates: RBA leaves cash rate on hold at 4.35pc (The Australian Financial Review)

The RBA board warned that big-spending government budgets risked stoking demand and conceded inflation was proving stickier than expected.

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Image courtesy of "The Guardian"

Reserve bank leaves interest rate on hold at 4.35% with borrowers ... (The Guardian)

RBA keeps cash rate steady amid stubborn inflation and an economy that has all but stalled.

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Image courtesy of "The Guardian"

Australia news live: Albanese says Chinese official's attempts to ... (The Guardian)

The prime minister, Anthony Albanese, has called a Chinese official's attempt to block journalist Cheng Lei “ham-fisted.” The PM was on Perth FM radio station ...

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Image courtesy of "NEWS.com.au"

Reserve Bank keeps rates on hold again (NEWS.com.au)

Household borrowers hoping for an interest rate reprieve are set to endure months more of mortgage pain after the Reserve Bank held the cash rate steady and ...

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Image courtesy of "Australian Property Investor Magazine"

RBA holds steady but may have some surprise moves to come (Australian Property Investor Magazine)

BREAKING NEWS: The Reserve Bank of Australia (RBA) surprised literally nobody by keeping rates on hold at its June meeting, with commentators unanimous in ...

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Image courtesy of "Times News Group"

RBA keeps rates on hold for fifth meeting in a row - Bellarine Times (Times News Group)

RBA holds interest rates at 4.35%, but cuts possible later in 2024. Stay informed on mortgage repayments and economic outlook.

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Image courtesy of "ABC News"

RBA keeps interest rate at 4.35 per cent, says rate rise could be on ... (ABC News)

The Reserve Bank has kept rates on hold at its June meeting, leaving the cash rate at 4.35 per cent, as RBA governor says she's not expecting a recession.

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Image courtesy of "Australian Broker"

Brokers react to RBA cash rate pause (Australian Broker)

As predicted by most economists, the Reserve Bank of Australia (RBA) opted to maintain the cash rate at 4.35% for the fourth time in a row at its June board ...

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Image courtesy of "SMSF Adviser"

RBA leaves cash rate unchanged (SMSF Adviser)

The central bank has announced its latest rate decision amid sticky inflation and ongoing geopolitical tension, including uncertainty in the Eurozone.

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Image courtesy of "The Australian Financial Review"

RBA interest rates: Hopes of 2024 rate cut fade as RBA stands ... (The Australian Financial Review)

Traders have pared back wagers for an interest rate cut in 2024 after the Reserve Bank said it was alert to upside risks to inflation.

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Image courtesy of "Money magazine"

RBA holds cash rate at June meeting (Money magazine)

The Reserve Bank Board has left interest rates on hold at a 12-year high of 4.35% for the fifth time in a row, so when can we expect the next rate hike?

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Image courtesy of "ABC News"

RBA's 'narrow path' gets narrower with an interest rate rise more ... (ABC News)

Pressure is growing on the Reserve Bank to lift interest rates again as inflation remains stubbornly high, but governor Michele Bullock knows another rate ...

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Image courtesy of "The North West Star"

'A few little alerts' ringing for the RBA on inflation (The North West Star)

Stubborn inflation and an extremely weak economy pose a difficult balancing act for the Reserve Bank of Australia...

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Image courtesy of "Westpac IQ"

RBA More Alert and Less Certain in its Inflation Fight (Westpac IQ)

The RBA left the cash rate on hold at 4.35%, but their rhetoric suggests the Board is more alert to upside inflation risks. Indeed, the RBA Board appears ...

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Image courtesy of "Illawarra Mercury"

'A few little alerts' ringing for the RBA on inflation (Illawarra Mercury)

Stubborn inflation and an extremely weak economy pose a difficult balancing act for the Reserve Bank of Australia...

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Image courtesy of "The Northern Daily Leader"

'A few little alerts' ringing for the RBA on inflation (The Northern Daily Leader)

Stubborn inflation and an extremely weak economy pose a difficult balancing act for the Reserve Bank of Australia...

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Image courtesy of "National Retail Association"

Retail growth stagnates as RBA refuses to budge on rate cuts ... (National Retail Association)

Australian retailers are calling on the Reserve Bank to urgently cut interest rates as retail growth stagnates from low spending and high cost-of-trading.

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Image courtesy of "ifa"

RBA announces June rate decision (ifa)

The central bank has announced its latest rate decision amid sticky inflation and ongoing geopolitical tension, including uncertainty in the Eurozone.

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Image courtesy of "The Guardian"

What's next for interest rates? Even RBA governor Michele Bullock ... (The Guardian)

The central bank's latest statement has some wondering if another rate rise is on the cards – but Bullock says the situation is 'complex'

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Image courtesy of "The Conversation AU"

Please stop obsessing over words. It's quite simple: the RBA thinks ... (The Conversation AU)

These days every word of every statement from the Reserve Bank Governor Michele Bullock is pored over in minute detail – as is every word uttered at her ...

RBA interest rates: rate hike is more 'likely' this year after the ... (The Australian Financial Review)

With its patience on inflation appearing to be thinning, the Reserve Bank might have to lift the cash rate as soon as August, according to many economists ...

RBA keeps interest rate at 4.35 per cent, says rate rise could be on ... (National Debt Helpline)

Interest rates will remain at this level for another six weeks at least, until the RBA Board's next meeting in early August. The majority of market economists ...

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Image courtesy of "Accounting Times"

RBA announces latest cash rate decision (Accounting Times)

The decision to keep rates on hold had largely been anticipated by economists with inflation still problematic but the economy weakening. RSM Australia ...

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