culture & society Reserve Bank interest rates: RBA cuts rates to historic low of 1.25% (theguardian.com) submitted 1 month ago by Narksdog. 295 comments; share; save
Mortgage and deposit rates will fall to their lowest levels since the early 1950s after the Reserve Bank cut the cash rate to a record low 1 per cent. The official cash rate was slashed by another 25 basis points today and now sits at just one per cent – down from 1.25 per cent last month.
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The Reserve Bank of Australia slashed the official cash rate to an historic low of 1.5 per cent today. In the wake of low inflation figures and no movement from the Fed last month, the cut came as little surprise to the market. The interest rate cut will be welcome news for borrowers.
After not acting for almost three years, the Reserve Bank of Australia (RBA) is well and truly on the move. Cutting the official cash rate to a new historical low last month, the RBA has once.
ANZ and Westpac refused demands from both sides of politics to pass on the entirety of the RBA’s cut, instead announcing each would lower interest rates on mortgages by 0.18 and 0.20 per cent.
TOPICS: Australia bank cuts historic interest Live news rates RBA reserve Posted By: australia news 4th June 2019 It is the government’s expectation, indeed, it is the public’s expectation that banks should pass on, in full, to consumers, the benefits of reduced funding costs as a result of the Reserve Bank’s decision.
The Reserve Bank of Australia has delivered a second interest rate cut in two months, reducing the official cash rate to a record low of 1 per cent in another. issued after its historic meeting in.
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Don’t expect the U.S. to defy the trap of low interest rates as a growing swathe. trade war slows the U.S. economy to the.
The Reserve. the cash rate to fall to a record low of one per cent. This is the second time in as many months after the central bank cut rates for the first time in almost three years last month.