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RBA cuts rates to 3.6% as affordability limits gains
The cut, which brings the official cash rate down to 3.6% from 3.85%, was unanimously agreed by the RBA board, citing moderating inflation pressures, a still-tight labour market, and easing global risks. It follows earlier cuts in February and May, with many lenders now expected to pass on the reduction in full.
Aussie 'Big Four' Banks Cut Home Loan Rates Following RBA Move
(Reuters) -Commonwealth Bank of Australia, the country's largest lender, and Westpac Banking Corp, the third-biggest, cut their standard variable home loan rates by 25 basis points on Tuesday following the Reserve Bank of Australia's rate cut.
Australia's central bank has a problem communicating that has injected an element of unpredictability into interest rate ...
The Reserve Bank's economic outlook suggests further room to cut interest rates, but it's not all good news for most ...
The ASX 300 is now only slightly less expensive than it was back in 2021, when global rates were around zero and governments ...
The Reserve Bank of Australia delivered a dovish cut after last month's hawkish hold. It signaled scope for two more rate ...
The U.S. dollar held steady on Tuesday, with markets braced for a key consumer inflation report later in the day that could ...
The Reserve Bank did not push back on expectations of further easing after it cut, as expected, the cash rate to 3.6 per cent ...
Australian mortgage holders were promised financial relief when the Reserve Bank of Australia cut rates on Tuesday, but the ...
The Reserve Bank delivered another quarter-point interest rate cut as expected, but also slashed its productivity and growth ...
The S&P/ASX 200 Index is set for a muted open this week, as economists anticipate the RBA will slow the pace of future rate ...
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