Inflation remains within RBA’s target range…
The latest inflation data, which were recorded before the USA’s recent series of tariff announcements, show further progress in the battle against inflation, making future interest rate cuts more likely. The annual headline inflation rate fell from 2.5% in January to 2.4% in February, according to the Australian Bureau of Statistics, which was the seventh […]
Most home loan customers could withstand a financial downturn: RBA
The Reserve Bank of Australia (RBA) has found “the vast majority of borrowers would remain able to service their debt under a range of plausible economic scenarios”, according to the central bank’s latest Financial Stability Review. Crucially, about 97% of borrowers have positive cash flow, which means they’re able to meet their mortgage commitments and potentially […]
Australia’s Four-Year Low Inflation: What It Means for the Cash Rate and Your Finances
Don’t miss our LinkedIn post where we first shared this exciting update! The recent drop in Australia inflation rate is remarkable, marking the lowest point in nearly four years. At 2.8% for the September quarter, inflation now sits comfortably within the Reserve Bank of Australia inflation target range of 2-3%. This shift has led to […]
RBA to change how it sets and communicates about the cash rate…
The Reserve Bank of Australia (RBA) has unveiled a series of reforms, in response to an independent review commissioned by the federal government. Starting in 2024, the RBA board will meet eight times per year to assess the cash rate, rather than the current 11. Meetings will last longer; and, before each meeting, board members […]
Treasurer reveals plans to reform RBA…
The Reserve Bank of Australia (RBA) is set for a shake-up, following a review commissioned by the federal government. The review made 51 recommendations, including specific measures to create a clearer monetary policy framework and stronger monetary policy decision-making. Treasurer Jim Chalmers said the government agreed in-principle with all the recommendations and would work with […]
RBA ‘closer to the point’ where it will stop hiking rates…
Reserve Bank of Australia (RBA) governor Philip Lowe has hinted that with monetary policy now in “restrictive territory”, interest rates may be near their peak. In a speech delivered the day after the RBA raised the cash rate for the 10th consecutive time, Governor Lowe said the RBA Board was closely monitoring the effect of […]
RBA expects inflation to fall in 2023
While inflation continues to be worryingly high, it may have peaked. The Australian Bureau of Statistics’ latest data show that inflation rose from 6.9% in October to 7.3% in November. In early December, the Reserve Bank of Australia (RBA) forecast that inflation would “peak at around 8%” in December. If that’s the case, inflation may […]
