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.
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 ...
Speech delivered by Ellis Connolly, Head of Payments Policy, at the Merchant Risk Council Conference, Melbourne.
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 ...
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 ...
Struggling homeowners will likely have to hold on until next year at the earliest for mortgage relief.
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 ...
Ahead of the June Reserve Bank of Australia cash rate meeting, mortgage-holder confidence was showing signs of improvement.
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 ...
The RBA is risking repeating the errors that led to the deep and dark recession of the early 1990s. Stephen Koukoulas reports.
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
The cash rate will remain at the current 4.35% at least until the Reserve Bank board reconvenes in August.
The RBA board warned that big-spending government budgets risked stoking demand and conceded inflation was proving stickier than expected.
RBA keeps cash rate steady amid stubborn inflation and an economy that has all but stalled.
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 ...
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 ...
BREAKING NEWS: The Reserve Bank of Australia (RBA) surprised literally nobody by keeping rates on hold at its June meeting, with commentators unanimous in ...
RBA holds interest rates at 4.35%, but cuts possible later in 2024. Stay informed on mortgage repayments and economic outlook.
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.
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 ...
The central bank has announced its latest rate decision amid sticky inflation and ongoing geopolitical tension, including uncertainty in the Eurozone.
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.
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?
Pressure is growing on the Reserve Bank to lift interest rates again as inflation remains stubbornly high, but governor Michele Bullock knows another rate ...
Stubborn inflation and an extremely weak economy pose a difficult balancing act for the Reserve Bank of Australia...
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 ...
Stubborn inflation and an extremely weak economy pose a difficult balancing act for the Reserve Bank of Australia...
Stubborn inflation and an extremely weak economy pose a difficult balancing act for the Reserve Bank of Australia...
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.
The central bank has announced its latest rate decision amid sticky inflation and ongoing geopolitical tension, including uncertainty in the Eurozone.
The central bank's latest statement has some wondering if another rate rise is on the cards – but Bullock says the situation is 'complex'
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 ...
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 ...
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 ...
The decision to keep rates on hold had largely been anticipated by economists with inflation still problematic but the economy weakening. RSM Australia ...