At its meeting today, the Reserve Bank Board today announced it was reducing the cash rate by 25 basis points.
The official rate is now at 3.0%.
Whilst the official rate was reduced, we’re watching closely what the banks do with their rates, as some of Australia’s biggest lenders have decided to make changes to their rates [...]

As what has come as a large shock to many, the Reserve Bank of Australia chose to leave the official cash rate on hold on Tuesday at its monthly meeting. 
Speculation is rampant that we will in fact see another rate cut in the near future – however it is being suggested that with some consumer [...]

For the second consecutive year, the Reserve Bank of Australia, has managed to upstage the race that stops a nation with the announcement that they have decided to reduce the cash rate by 0.25%, giving us a new cash rate of 4.50% effective 2nd November 2011.
Here is what Glenn Stevens, Governor: Monetary Policy Decision had [...]

The RBA has delivered an early Christmas present to Australian mortgage holders today, by cutting it’s interest rate by .25% for the second month in a row. The central bank cut its cash rate 25 basis points to 4.25 per cent, marking the first back-to-back monthly cuts since April 2009. If passed along in full [...]

Mortgage borrowers in Australia have breathed a sigh of relief, after the Reserve Bank of Australia reduced the cash rate by 0.25% when they met at the beginning of the month. 
With various lenders announcing subsequent rate cuts, not all lenders have passed on the full 0.25% reduction. We are also yet to hear from some [...]

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