RBA Alert
RBA hikes interest rates six months after last cut by 25 basis points, board lifted the cash rate to 3.85 per cent
3 February
The Reserve Bank of Australia has hiked interest rates by 25 basis points, becoming the first major central bank to go from rate cuts to rate hikes following the post-COVID inflation spike. In a unanimous decision on Tuesday, the RBA’s monetary...[Read More]
Borrowers denied Christmas bonus as rates stay on hold at 3.6 per cent
9 December
The Reserve Bank of Australia has denied mortgage holders an early Christmas gift, leaving interest rates on hold at its final meeting of the year. In a widely anticipated, unanimous decision on Tuesday the central bank’s monetary policy board...[Read More]
Borrowers denied cup day rate cut in odds-on decision – RBA leaves the cash rate at 3.6 per cent
4 November
The Reserve Bank of Australia has held interest rates steady after a surprise surge in inflation potentially spelled the end of the cutting cycle. Borrowers now face the possibility of the central bank’s next move being up rather than down, after...[Read More]
No rate relief for borrowers as RBA stays on hold at 3.6 per cent
30 September
The Reserve Bank of Australia has held interest rates steady as widely expected, with attention turning to when, or if, the central bank will cut again. Borrowers will have to wait until at least November for more mortgage relief, but...[Read More]