Reserve Bank faced with runaway inflation from USA ISRAEL attack on Iran takes the high road to cut off further consumer spending
The Reserve Bank (RBA), in the face of a likely harsh Federal budget just one week away, has shown true independence and resolution to tackle inflation by increasing the base cash rate by 0.25% to 4.35%. There is no doubt that a hold on rates today by the RBA would have been welcome by many […]
With nowhere to turn the dial but up the Reserve Bank has increased interest rates by 0.25 points
Many will blame the US-Israel attack on Iran as the reason for the Reserve Bank, of Australia (RBA) increasing the cash base rate today to 4.1%, up from the 3.85% it set a little more than a month ago on 3 February. And of cause the upheaval in the middle east increasing fuel prices here […]
RBA left with no option other than a base rate rise to 3.85%
It didn’t take an expert economist to predict a likely rate increase when the Reserve Bank Board (RBA) met for the first time this year, delivered its decision on Tuesday, 3 February at 2.30pm. But the skill in predicting whether it would be a 0.25% or 0.50% interest rate hike was for the more qualified. […]
Headless economy with a lack of direction other than to increase debt holdings is adopted by the RBA at their December meeting
Expect investors to pour further into the housing market and completely shut out first home buyers following the decision of the RBA to adopt the Federal government’s lack of direction economy and hold the base cash rate at 3.60%. Instead of increasing the base rate to deter investors from digging a deep debt hole that […]
Moments before the start of the Melbourne Cup the reserve bank board announced the base cash rate would remain at 3.60%
Enveloped by the highly static atmosphere just minutes prior to the jump of the Melbourne Cup, it was a unanimous decision by the Reserve Bank Board to keep the base cash rate at 3.60%, the same as it has been since August 2025, when the base rate was reduced from 3.85% by 0.25%, the third […]
Hopes of further base interest rate reduction this year fade as the reserve bank board holds the base rate at 3.60%
A unanimous decision by the Reserve Bank Board sees the base cash rate still sitting at 3.60%, the same as it was in August 2025 when the base rate was reduced from 3.85% by 0.25%, the third interest rate cut of 2025. The last time the base rate was 3.60% was in April 2023. In […]
ICA warns the home guarantee scheme expansion will increase property prices by up to 10% in the first year
According to new analysis released by the Insurance Council of Australia (ICA) today, The Federal Government’s plan to dramatically expand the Home Guarantee Scheme (HGS) will increase house prices, make it harder for lower income earners to enter the housing market, and have a negligible impact on home ownership rates, Analysis of the Government’s policy by independent economic consultancy Lateral Economics has estimated that the […]
Rabobank reduces variable base rate for rural loans by 0.25 per cent
Rabobank Australia will lower the variable base rate on its rural loans by 0.25% per annum, effective 22 August 2025. This follows the Reserve Bank of Australia’s decision to cut the official cash rate (OCR) by 0.25%, announced yesterday. Rabobank group executive for Country Banking Australia Marcel van Doremaele said the bank was pleased to […]
Not even Genghis Khan could withhold a rate reduction as reserve bank drops base rate to 3.6%
Following the disappointment of 97% of financial commentators at the previous RBA meeting in July when they assured a rate cut was imminent, The Reserve Bank has relented at its August board meeting today and delivered the third interest rate cut of 2025, with a 0.25 percentage point reduction in the base rate. The base […]
RBA shows nerves of steel to resist a base cash rate cut forecast by all banks and 96% of the finance industry
The Reserve Bank of Australia (RBA) has demonstrated who is truly in charge of the finance sector by resisting an almost unanimous call for at least a 0.25% cut to the base cash rate. Instead, in defiance of urging by the big four banks, to the surprise of most, the base rate will remain at […]