The Reserve Bank has cut the official cash rate for the first time in almost three years. This is what the record low means for you. The Reserve Bank has made the historic move of cutting interest rates to an all-time low of 1.25 per cent, ending weeks of frenzied speculation.
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Australia’s central bank cut official interest rates by 0.25 percentage points to 1.25 per cent, a new record low and immediately following the decision, ANZ announced it would cut rates by 18.
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The Reserve Bank of Australia has followed forecasts and cut interest rates for the first time in almost three years. The cash interest rate has been moved from 1.5 per cent to 1.25 per cent.
In what was a widely expected move, the Reserve Bank of Australia has cut the cash rate to an all-time low of 1.25 per cent. At their monthly meeting on June 4, the Board elected to lower the cash rate by 25 basis points, explaining the decision was aimed at supporting employment growth and providing greater confidence that inflation would be consistent with the medium-term target.
The Reserve Bank of Australia (RBA) has cut the official cash rate from 1.5 per cent to a new historic low of 1.25 per cent. The decision broke the RBA’s longest streak without change the offical interest rate.
The Reserve Bank has cut interest rates to an historic low of 1 per cent, as it stares down the twin issues of rising unemployment and a slowing economy. The .25-percentage-point cut follows a.
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The money market cash rate (from which all other rates derive) will then fall to 1.25%. After that, if betting in the market is right, he will cut the cash rate to just 1% by Christmas. Speaking in.
The Reserve Bank cut interest rates on Tuesday. Westpac are forcing him to cut rates lower than he should and making an already difficult job harder. If he has to cut further he will, but with the.
The Reserve Bank has done it again, cutting the cash rate by 0.25 per cent today to a new record low of one per cent, hot on the heels of last month’s cut. Key for the bank’s board is both.
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