The Reserve Bank of Australia (RBA) went into a meeting on the first of this month to discuss Australia’s cash rate, and came out with a decision to keep the rate.
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What does today’s RBA interest rate decision mean to you? Share:. According to Mortgage Choice, the Reserve Bank of Australia had only two options this month in relation to the official cash rate – to keep rates on hold at 2.75% or cut them further. "With the uncertainty of the current.
The Reserve Bank of Australia (RBA) cut the official cash interest rate by 0.25% this week, but what does that really mean for the property market? And how much money will you save on mortgage repayments? Real estate agency Ray White has welcomed the move, saying that it is in tune with a changing.
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The RBA’s decision means that businesses with revenue over $25 million or with 50 or more employees (such as airlines and ticketing companies), will no longer be able to charge flat-rate. The legislation, known as Natasha’s Law’, means all food businesses will be. if it is made to order in front of you,
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Today’s easing of monetary policy will help us make further inroads into that spare capacity. It will assist with faster progress on reducing unemployment and will help achieve more assured progress towards the inflation target. So that is our rationale. I know that many of you are likely to have questions about today’s decision.
Interest Rate Decisions – 2019. The Reserve Bank sets the target ‘cash rate’, which is the market interest rate on overnight funds. It uses this as the instrument for monetary policy, and influences the cash rate through its financial market operations.
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The Reserve Bank of Australia (RBA) is about to announce its final interest rate decision for 2017.
· ”The decision to cut interest rates is an attempt from the RBA to support the economy; the decision has very little to do with housing market conditions.” The Australian economy grew 0.4 per cent in the March quarter of 2019, the slowest rate since the end of the GFC in 2009 as weak household consumption weighed on growth.