WebSep 6, 2024 · The Reserve Bank has lifted interest rates for the fifth month in a row, increasing the cash rate by 0.5 percentage points to 2.35 per cent, a seven-year high. Look … WebDec 6, 2024 · Media Release Statement by Philip Lowe, Governor: Monetary Policy Decision. Statement by Philip Lowe, Governor: Monetary Policy Decision. Number 2024-41. Date 6 …
Statement by Philip Lowe, Governor: Monetary Policy Decision
WebApr 11, 2024 · Published Apr 11, 2024. + Follow. Last week’s big news is that the Reserve Bank of Australia (RBA) has left the cash rate unchanged at 3.6%. This is great news for mortgage holders, and as the ... WebApr 3, 2024 · Chart showing an increase in monthly repayments if a 25 basis point rate hike were to occur depending on a borrower’s mortgage loan size. The RBA governor, Philip … porthole coffee table
RBA interest rates: ‘Painful squeeze’ as interest rates head to 4pc
WebApr 4, 2024 · Chairman Philip Lowe said that the cash rate likely would not rise again until 2024, however, high inflation led the central bank to act sooner, raising it in May of 2024, and every month since. At its board meeting in April of 2024, the RBA chose to hold the cash rate at its current level of 3.60%, the first pause after ten consecutive cash rate hikes. WebJun 7, 2024 · Statement by Philip Lowe, Governor: Monetary Policy Decision. Number 2024-14. Date 7 June 2024. At its meeting today, the Board decided to increase the cash rate … WebThe RBA uses interest rates as its primary tool to control inflation. When inflation rises, the RBA increases the cash rate, causing interest rates to rise, which reduces general … porthole craft