What today’s RBA decision means for you

Which means things are grim for savers. So today I’m going to make sure you are not getting rogered by your bank. And there’s a lot of it going on: For example, did you know that, according to comparison site Mozo, banks cut rates on 59 separate savings and term deposit accounts in the month before the latest RBA decision?

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.

RBA: Market response to today’s rate decision – Westpac By Sandeep Kanihama In view of analysts at Westpac, there is a stronger link between appreciation in the A$ and the RBA’s economic forecasts.

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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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RBA rate cut: What the Reserve Bank decision means for housing market The property market has lost billions of dollars over the last couple of years but the Reserve Bank’s historical decision.

RBA governor Philip Lowe has taken his warning that governments must do more to stimulate the economy onto the global stage, arguing central banks risk reigniting bubbles in house prices and stock markets with ultra-low interest rates.

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“Today's decision to lower the cash rate will help make further. Want to know what this rate cut means for your home loan? On the back of this RBA decision, you may see a number of lenders advertising interest rate cuts.

What the RBA cut could mean for your mortgage. Less than 10 minutes after the Reserve Bank decision, ANZ Bank defied the government.

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