The Reserve Bank of Australia (RBA) left the official cash interest rate on hold at 1% when the board met on Tuesday while leaving the door open for further cuts. The RBA noted “further signs of a turnaround in established housing markets, especially in Sydney and Melbourne” as part of its positive outlook, but… Read more »
Australia’s official cash rate now sits at 1.25% following a 25 basis points cut Three of the big 4 banks are reducing home loan rates, with CBA and NAB passing on the full 0.25% The RBA remains concerned about unemployment rising, stagnant wages growth and inflation under its target band. The cut should help… Read more »
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