Mortgage News

Reserve Bank cuts interest rates to historic low of 1.25 per cent

Last month, the Reserve Bank of Australia cut the official interest rate to a historic low of 1.25 per cent. After a month of speculation, at their July meeting they have decided to cut rates again to 1% to a new record low. However, while a record low, the decision was not a surprise. Here’s what the experts have to say:

The Reserve Bank has cut interest rates by 25 basis points to a new record low of 1.25 per cent in what is the first movement in cash rates since August 2016. The announcement comes as no surprise, with the majority of experts and economists expecting the Reserve Bank would make its first move in nearly three years just weeks after the Federal Election on 18th May.

The Reserve Bank of Australia’s announcement of a historic rate cut will have deep. Bank’s monthly board meeting Tuesday that rates would be cut by 25 basis points to an unprecedented 1.25 per cent.

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THE Reserve Bank has cut the official interest rate to 2.25 per cent, a new historic low, putting further pressure on house prices, experts say. The cash rate had been held at 2.5 per cent for 18.

The Reserve Bank of Australia has followed forecasts and cut interest rates for the first time in almost three years. The cash interest rate has been moved from 1.5 per cent to 1.25 per cent.

Reserve Bank. easing bias to 1 per cent suggesting the only way the bank can achieve employment growth and inflation targets is through cutting rates. Dr Lowe said the bank’s decision to cut rates.

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The Reserve Bank board meets today and it will be a huge surprise if interest rates are not cut – the first official rate move in almost three years, taking them to a fresh record low. Many eyebrows.

The official cash rate was slashed by another 25 basis points today and now sits at just one per cent – down from 1.25 per cent last month. It is the lowest level in Australian history, and the Reserve Bank hopes it will be enough to reverse the trend in weakening consumption and rising unemployment.

RECESSION or not, low interest rates are here to stay, and they will affect all of us. This week’s Reserve Bank rate cut. The RBA’s rate cut wasn’t because of a need to rescue the economy -.

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