Category: Financial Planning

RBA keeps rates at 2.50%

At its meeting today, the RBA decided to leave the cash rate unchanged at 2.5 per cent.

I have been reading a lot around the world at the moment regarding housing policy and economic stimulus. With the mining boom/bust or just wind down still playing out, and China been reported in different ways by a multitude of economists, there is a lot of conjecture in the markets.

On top of that, the ASX Accumulation Index just reached an all time high, so somewhere there is enough positive vibe running to keep people buying shares. What most are asking is when will I see it in my bank account? When does this prosperity start flowing back into the small business and retail sectors and seeing the average person “feeling wealthier”?

View the RBA release here.

RBA lowers rates by 0.25% to 2.50%

At today’s meeting the Reserve Bank of Australia (RBA) reduced the cash rate by 0.25% to 2.00% pa.

This will not be a surprise to many (including the average economist) with the “odds” yesterday at over 94% that it would go down. Now I’m no Tom Waterhouse but that seems like a favourite to win. Again this will be good news for property investors and mortgaged home owners.

Things have been a little slow around our great land, and the RBA is keeping this in mind as it measures up the chance of further cuts this year. No doubt the election fever will overwhelm it in the coming months.

View the RBA release here.

RBA lowers rates by 0.25% to 2.75%

At today’s meeting the Reserve Bank of Australia (RBA) reduced the cash rate by 0.25% to 2.75% pa.

While this is good news for the homeowners, many of our retiree clients are feeling the pinch on the deposit side of the coin (no pun intended).

The “peak investment” in the resource section statement seems to be the most troubling for our economy for the next few years, the miners have been pulling back heavily on wages and discretionary spending – much to the detriment of many small mining linked communities and many thousands of workers.

View the RBA release here.

RBA lowers rates by 0.25% to 3.25%

At today’s meeting the Reserve Bank of Australia (RBA) reduced the cash rate by 0.25% to 3.25% pa.

The global economy is slowing further, China taking the heat off is impacting the Aussie world. Commodity prices have been falling, hitting many miners and related sectors. Fortescue being an obvious one having to renegotiate debts. The retail sector has continued to suffer, with the industry crying out for this cut today.

View the RBA release here.

RBA holds cash rate at 3.50%

Mixed messages and thoughts from Aussie economists today as RBA leaves the rates the same. Without a crystal ball, who knows? I know that house prices persist at high multiples, and commercial business is mixed between dying and booming depending on what sector it is pegged to.

RBA Logo

At its meeting today, the Board decided to leave the cash rate unchanged at 3.50 per cent.

Full statement available from RBA Website.

RBA holds cash rate at 3.50%

Craig James, Commonwealth Bank’s chief economic wizard, made note of the slow economy, inflation figures are low and nothing much is really taking off, so the RBA is in a tough spot of trying to balance it all out. I look forward to seeing our small businesses growing again soon…

RBA Logo

At its meeting today, the Board decided to leave the cash rate unchanged at 3.50 per cent.

Full statement available from RBA Website.