Category: RBA
Lower interest rates may spur property market
At its monthly meeting last week, the Reserve Bank of Australia elected to reduce the official cash rate by fifty basis points to 3.75 per cent. This decision was welcomed by CENTURY 21 and we expect that it will help to encourage growth in the national property market.
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Latest inflation indicators
It is well known that inflation has been a key influencer of the Reserve Bank of Australia’s interest rate decisions over the course of the year with the Bank aiming for a target range of 2 – 3 per cent over 2012 and 2013.
While the official inflation data, the Consumer Price...Read complete post
Rate cut provides Christmas relief for property buyers and mortgage holders
At its December meeting held in Sydney last week, the Reserve Bank of Australia elected to cut the official cash rate by 25 basis points to 4.25 per cent. This was the second consecutive cut to rates made by the Reserve Bank, after a year of keeping rates on hold at 4.75 per cent.
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Interest rates on hold for October, but a cut may be on the cards
Last week saw the Reserve Bank of Australia elect to keep the official cash rate on hold at 4.75 per cent. This was the tenth consecutive month that the decision has been made to keep rates steady. Despite this prolonged period of rates on hold, 2011 has certainly been a rollercoaster year in terms of interest rate predictions. Not long ago economic conditions suggested that the only question regarding a move by the Reserve Bank to increase the official cash rate was not ‘if’...Read complete post