Lower mortgage rates and an easing in house price declines are expected after the Reserve Bank chose to cut the official cash rate for the first time in nearly three years. Today, the RBA board decided to lower the cash rate by 0.25 percentage points to a new historic low of 1.25%, as widely anticipated by financial [...]
CASH RATE REMAINS AT 1.50% The Reserve Bank of Australia (RBA) has elected to leave the cash rate unchanged at 1.50% for another month. Governor Philip Lowe had this to say in his official statement: “The adjustment in the Sydney and Melbourne housing markets is continuing, after the earlier large run-up in prices. Conditions remain[.....]
