Interest Rate Decisions – 2017. The Reserve Bank sets the target ‘cash rate’, which is the market interest rate on overnight funds. It uses this as the instrument for monetary policy, and influences the cash rate through its financial market operations. Decisions regarding the cash rate target are made by the reserve bank board.
In his statement today, RBA Governor Mr Lowe said the decision would. the trade and technology disputes is affecting investment and means that the risks to the. two back to back interest rate cuts, instead try to pay as you were previously ,
Here’s what today’s decision means for you, assuming you have ever signed or will ever sign an. The Reserve Bank of Australia (RBA) will announce its September interest rate decision later this afternoon. With no one expecting a movement in interest rates, all interest today will fall on the.
Breaking with the RBA’s practice of not commenting on. full pass-through would also mean that the economy receives the full benefit of today’s policy decision." The cash rate was dropped by 25. Low inflation may be great for our back pockets, but it bothers the RBA, which is aiming for inflation of 2-3% to maintain economic growth.
What the Reserve bank interest rate cut will mean for you. also mean that the economy receives the full benefit of today's policy decision.”.
Australians could soon be earning even less interest on their savings with the RBA today cutting the official cash rate to 1.25% after 30 months of no movement.. RBA rate cut: What it means for.
The Reserve Bank of Australia (RBA) has announced a cut to the official interest rate – the first cut for almost three years. The 0.25 basis point cut brings the official cash rate down to 1.25 per cent. The decision reflects concerns about the economic outlook, wages growth and inflation.
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