In the first official rate move in almost three years, the Reserve Bank announced it will lower the cash rate from 1.5 per cent to 1.25 per cent. The reduction has been widely anticipated, and comes after the RBA signalled it could cut interest rates last month to curb unemployment rising.
Photograph: Stefan Postles/AAP Australia’s banks have come under pressure to reduce borrowing costs for customers after the Reserve Bank cut interest rates to a new historic low of 1.25%. The widely.
The Reserve Bank. with interest-only investors getting a reduction of 0.35 percentage points. The RBA’s two consecutive.
RELATED: RBA slashes cash rate to all-time low of 1.25 per cent. Major lenders NAB and Commonwealth Bank announced Tuesday afternoon each would pass on the full 0.25 per cent cut to customers.
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· 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.
Reserve Bank cuts interest rates to historic low of 1.25pc. target now sits at the historically low level of 1.25 per cent.. a huge surprise if the Reserve Bank doesn’t cut interest rates.
Builder Confidence Solid in June Amidst Growing Economic Uncertainty Builder Confidence Solid in June Amidst Growing Economic Uncertainty Builder confidence in the market for newly-built single-family homes fell two points to 64 in June, according to the latest National Association of Home Buil
· The RBA cut the official cash rate from 1.50 per cent to 1.25 per cent at its June meeting, and despite expectations it would wait until early August to cut again, it moved sooner, with another 25.
Last month, the Reserve Bank of Australia cut the official interest rate to a historic low of 1.25 per cent. After a month of speculation, at their July meeting they have decided to cut rates again to 1% to a new record low. However, while a record low, the decision was not a surprise. Here’s what the experts have to say:
The Australian dollar has fallen to its lowest level in around a decade as investors anticipate further interest rate cuts from the Reserve Bank in the next few months. board members opted to cut.
· In an historic move, the Reserve Bank has cut the cash rate by 25 basis points to a record low of 1.25 per cent.
The Reserve Bank of Australia announced this afternoon that it had cut the interest rate to a historic low of 1.25 per cent. Deloitte Access economics partner chris Richardson said the cut was mostly.