Mortgage News

RBA cuts interest rate for first time in almost three years – Money magazine

interest rates; rba slashes cash rate to all-time low of 1.25 per cent. The Reserve Bank has cut the official cash rate for the first time in almost three years. This is what the record low means.

RBA cuts interest rate for first time in almost three years The RBA has slashed interest rates in the first cash rate move in almost three years. The move was widely expected, and no doubt the focus will now turn to mortgage rates; how low will they go?

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interest rates; RBA cuts cash rate to new record low of 1 per cent. June’s cut – the first move in almost three years – may not be enough to move the. has some influence on the cost of.

Consumer confidence fell sharply in July despite news that interest. the view that rate cuts are equated with a deteriorating economy, rather some sudden good fortune. It was conducted in the first.

The RBA followed market consensus and cut interest rates to a new record low of. With the Reserve Bank making the first change in interest rates in almost three years, the. “Just three of the four big banks passed on the full cut last time. You can email Adam at adam.zuchetti@momentummedia.com.au.

The Reserve Bank has held off cutting interest rates at its August. The cash rate will remain at 1 per cent for the time being, but it's almost certain. inflation still remains well below the RBA's target range of 2 to 3 per. decision last week to cut interest rates for the first time since 2008.. Money & Markets.

 · Prior to the cut, ANZ slashed seven of its term deposit rates by 25 basis points including 15 basis points cut for 60-month term deposits, and 25 basis points cut for one-.

The official rate cut, just weeks after the May 18 federal election, marks the first time the RBA has used its central monetary policy lever in almost three years – the longest period of interest.

On Tuesday afternoon (4 June), the Reserve Bank announced that it was dropping the official cash rate for the first time in almost three years in order to "support employment growth and provide greater confidence that inflation will be consistent with [its] medium-term target".. While many lenders had reduced interest rates in May, following the official cash rate reduction, several.

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