What the RBA cash rate cut means if you’re a self-funded retiree. If your main source of income comes from the interest you get on your savings, you’ll be stung by the RBA’s move. "[The rate cut is] really going to have more of an impact if you’ve got $100,000 invested in the bank, and you’re relying on that interest income to.
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The Reserve Bank of Australia (RBA) is set to hold its monthly board meeting to discuss potential changes to the official cash rate. how you can claim your FREE copy of “5 ASX Stocks for Building.
THE first official rate cut since 2013 has combined with plunging. this will be a major factor. We now just hope the banks pass on the cuts.” In announcing the lowest-ever cash rate of 2.25 per.
To do that, many have even cut their cash rates into negative territory, while the RBA itself has held firm. by the author in the comments below. You can follow Ryan on Twitter @ASXvalueinvest. The.
In June, the Reserve Bank broke the interest rate change drought, and dropped the cash rate to 1.25 per cent. The RBA followed that up by another 0.25 percentage point rate cut in. higher. You can.
There’s a surreal perception about interest rates which has taken hold in Australia, that our Treasurer in the full flowering of his unknowingness continually embraces and projects. This is that an.
SHARES rebounded from six-month lows yesterday, as the Reserve Bank provided a timely boost to confidence by cutting the official cash rate amid. point cut today." The Australian dollar, which has.
Those rubbing their hands in glee at the thought of the official cash rate falling to 1% tomorrow will soon have sore hands. It turns out the Reserve Bank of Australia (RBA. can continue to.
RBA figures show that since its last official cash rate cut in August 2013. “Term deposits have the lowest risk, but the increase in risk may be disproportionate to the amount of extra income you.
We can. cash rate target at 2.25 per cent. Most economists expected a quarter-percentage-point cut, adding to one in February, the bank’s first in 18 months. The RBA’s sole policy lever is the.