Now that the RBA has cut the official cash rate, here’s how you can benefit
interest rates; RBA cuts cash rate to new record low of 1 per cent. The RBA has cut the official cash rate for the second month in a row to a fresh record low of 1 per cent.
An optimistic Reserve Bank has kept the official cash rate at 1.5 per cent at its first meeting of 2017.. Get The New Daily free every morning and evening.. the RBA has cut the cash rate by.
What the RBA cash rate cut means if you’re a self-funded retiree. If your main source of income comes from the interest you get on your savings, you’ll be stung by the RBA’s move. "[The rate cut is] really going to have more of an impact if you’ve got $100,000 invested in the bank, and you’re relying on that interest income to.
There’s a debate to be had: the Reserve Bank of Australia could still cut the official cash rate that stands at a record low 1.5 per cent. But will they do it?
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The cash rate hasn’t moved since August 2016, after an earlier cut to 1.75 per cent in May. There has not been an official cash rate increase since November 2010. Dr Oliver said it was now. RBA.
Interest rate cuts don't work like they used to, and they help us put off. Shutterstock/RBA. Officially, the bank aims for a target inflation rate of between 2% and 3%. incumbent upon the bank to cut rates – now – to get inflation back up.. It is time also to reassess the Reserve Bank's 2-3% inflation target.
The official cash rate (OCR) is the term used in Australia and New Zealand for the bank rate. Changes to the official cash rate generally affect the rates on housing and other. cash rate could mean lower home loan rates for borrowers, but can also. This is because their savings get a higher rate of interest and there is an.
When the Board met a fortnight ago, it decided to leave the nation’s cash rate. the RBA into further easing in monetary policy before the end of the year. Motley Fool contributor Ryan Newman has no.
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Cash Rate. Monetary policy decisions are expressed in terms of a target for the cash rate, which is the overnight money market interest rate. A media release is issued at 2.30 pm after each reserve bank board meeting, with any change in the cash rate target taking effect the following day.