RBA Alert
RBA hikes interest rates six months after last cut by 25 basis points, board lifted the cash rate to 3.85 per cent
3 February
The Reserve Bank of Australia has hiked interest rates by 25 basis points, becoming the first major central bank to go from rate cuts to rate hikes following the post-COVID inflation spike. In a unanimous decision on Tuesday, the RBA’s monetary...[Read More]
Borrowers denied Christmas bonus as rates stay on hold at 3.6 per cent
9 December
The Reserve Bank of Australia has denied mortgage holders an early Christmas gift, leaving interest rates on hold at its final meeting of the year. In a widely anticipated, unanimous decision on Tuesday the central bank’s monetary policy board...[Read More]
Borrowers denied cup day rate cut in odds-on decision – RBA leaves the cash rate at 3.6 per cent
4 November
The Reserve Bank of Australia has held interest rates steady after a surprise surge in inflation potentially spelled the end of the cutting cycle. Borrowers now face the possibility of the central bank’s next move being up rather than down, after...[Read More]
No rate relief for borrowers as RBA stays on hold at 3.6 per cent
30 September
The Reserve Bank of Australia has held interest rates steady as widely expected, with attention turning to when, or if, the central bank will cut again. Borrowers will have to wait until at least November for more mortgage relief, but...[Read More]
Delayed gratification for borrowers as RBA cuts again by 25 basis points to 3.6 per cent
12 August
Borrowers have received welcome relief from the Reserve Bank of Australia, which has delivered a widely expected interest rate cut. The central bank opted not to shock markets for a second time in two months on Tuesday. Its decision to cut the cash...[Read More]
‘Beats to its own drum’: rates on hold in surprise call – cash rate kept at 3.85 per cent
8 July
Mortgage holder hopes have been dashed by the Reserve Bank of Australia’s surprise decision to keep interest rates on hold. Going against expectations of most financial market participants and economists tipping a 25 basis point cut, the central...[Read More]
Relief for borrowers as RBA hands down second rate cut – down to 3.85 per cent
20 May
The Reserve Bank of Australia has cut interest rates by a quarter of a percentage point in a widely-anticipated decision. Following the central bank’s first 25 basis point cut in February, the move brings the official cash rate down to 3.85 per...[Read More]
No back-to-back mortgage relief as RBA holds rates at 4.1 per cent
1 April
The Reserve Bank of Australia has kept interest rates on hold, denying borrowers back-to-back mortgage relief. As widely expected by economists, the RBA’s new monetary policy board held the cash rate steady at 4.1 per cent as its first meeting on...[Read More]