RBA cuts interest rate for first time in almost three years – Money magazine

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The Reserve Bank’s first interest rate cut in almost three years last month appears to have already put a floor under house price declines in Sydney and Melbourne. The whiff of even cheaper money will.

The RBA has slashed interest rates in the first cash rate move in almost three years. The move by the RBA to cut rates to 1.25% was widely expected, and no doubt the focus will now turn to mortgage rates; how low will they go? Mortgage rates for owner occupiers are already around the lowest level since the 1960s and lenders are generally expected to pass on most, if not all of the cash rate cut to mortgage interest rates.

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On Tuesday afternoon (4 June), the Reserve Bank announced that it was dropping the official cash rate for the first time in almost three years in order to "support employment growth and provide greater confidence that inflation will be consistent with [its] medium-term target".. While many lenders had reduced interest rates in May, following the official cash rate reduction, several.

Traders are pricing in a 70 percent chance the RBA will cut rates by another quarter point at the March meeting, according to swaps data compiled by Bloomberg. “We obviously live in a low-interest.

The RBA’s second rate cut in as many months, and together the first in almost three years are likely to be followed by others as the bank tries to sti.. interest rates.

RBA cuts interest rate for first time in almost three years – Money magazine The RBA has slashed interest rates in the first cash rate move in almost three years. The move was widely expected, and no doubt the focus will now turn to mortgage rates; how low will they go?

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The RBA has slashed official interest rates again – the first time in 11 years it has cut in consecutive months in an attempt to revive the weak economy. Subscribe Get The New Daily free every.

With the Reserve Bank having cut interest rates for the first time in almost three years and more expected to come, there’s a lot riding on what it does to market sentiment. Expectations were already elevated.