Now that the RBA has cut the official cash rate, here’s how you can benefit

If you have a mortgage, or are saving to buy a property, chances are you have heard about the Reserve Bank of Australia’s (RBA) official cash rate. That’s because the cash rate can affect the interest rate on your mortgage, it can affect how much interest your savings might earn and on a broader scale, it’s tied up with inflation, jobs and the.

While the RBA might not be able to influence the current cash rate, it can still influence longer-term rates by offering guidance about its future policy decisions. Why the RBA needs to talk about.

The official cash rate for February has been announced by the Reserve Bank of Australia following its monthly board meeting. The RBA board has decided to keep the cash rate at 1.5 per cent, a move predicted by most industry experts.

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THE Reserve Bank will probably cut. have made it very tough at the retail coalface. The 25 points off the cash rate, even adding it on to the 150 points of cuts already delivered, is not going to.

If your bank doesn’t pass on the full cut, you’re still in a strong position as there are a wide range of lenders out there. I can help you shop around for a more competitive deal. Reference: Business Insider Australia, Now that the RBA has cut the official cash rate, here’s how you can benefit . Disclaimer:

After months of speculation, the Reserve Bank of Australia cut interest rates at its August monetary policy meeting, taking the official cash rate to 1.50%, the lowest level on record.

Banks have been falling over themselves to chop rates of interest forward of Tuesday’s much-anticipated assembly of the Reserve Financial institution of Australia. The Reserve Financial institution board has introduced it is going to decrease the official money price from 1.50% to a brand new file low of 1.25%.

Now that the RBA has cut the official cash rate, here’s how you can benefit Banks have been falling over themselves to cut interest rates ahead of Tuesday’s much-anticipated meeting of the Reserve Bank of Australia.

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Along with two thirds of the market, we believe the Reserve Bank of Australia will cut the official cash rate by 25 basis points when they meet after the Easter long weekend, on Tuesday April 7th. The official cash rate will drop to an all time low of 2.00%. We discuss why we believe the RBA will cut rates.

Is the Gold Coast less affordable and family friendly than 30 years ago? Use the link on my page about Cost of Buying or Renting a House in Australia and search for houses via the link there for everything in Gold Coast over $300,000 but less and $350,000. That will help you hone in on some of the suburbs that fit your budget.