Monetary Policy Decision

At its meeting on 7 July, Tuesday, the Reserve Bank of Australia (RBA) Board decided to leave the cash rate unchanged at 2.0 per cent. The global economy is expanding at a moderate pace, but some key commodity prices are much lower than a year ago.

Another Cash Rate Cut this May

On Tuesday, 5, May, the RBA had announced that there will be another cash rate cut by 25 basis points to a new record low of 2 per cent due to a mixed bag of performance in economic indicators.

Cash Rate Update as of 3 Mar 2015

After the Reserve Bank Board meeting last 3rd February that resulted in the decision of cutting the cash rate into a record low of 2.25 per cent, there is a clear bias to cut rates again.

Interest Rates Trimmed

The recent decision made by the RBA to cut the cash rate by 25 base points consequently affects the interest rates offered by some of the major lenders.

Happiness is not something readymade.  It comes from your own actions.
–Dalai Lama

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