Reserve Bank cuts interest rates to historic low of 1.25 per cent

Reserve Bank cuts interest rates to historic low of 1.25pc. target now sits at the historically low level of 1.25 per cent.. a huge surprise if the Reserve Bank doesn’t cut interest rates.

The Reserve Bank has cut its official interest rate by 0.25 percentage points to a new record low of 1.25 per cent. RBA cuts rates to support jobs growth in the face of rising unemployment ANZ is.

on Tuesday the Reserve Bank will almost certainly cut the official cash rate to a record low of 1.25 per cent. In fact, the odds of Australia’s central bank announcing this rate cut have risen to 92.

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The cash rate had been kept at 1.5% since August 2016, but the RBA has now cut the official cash rate by 25 basis points. A weakened Australian economy and a slight rise in the unemployment rate has finally pushed the RBA to move on interest rates, according to Chief Economist.

Don’t expect the rate cut to lower your credit card interest rates. These are not linked to Reserve Bank rates.

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The Reserve Bank. with interest-only investors getting a reduction of 0.35 percentage points. The RBA’s two consecutive cuts, including another 0.25 percentage point drop on Tuesday, has lowered.

In the first official rate move in almost three years, the Reserve Bank announced it will lower the cash rate from 1.5 per cent to 1.25 per cent. The reduction has been widely anticipated, and comes after the RBA signalled it could cut interest rates last month to curb unemployment rising.

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For Irish borrowers the move is further confirmation that the era of super-low interest rates is here to stay Federal Reserve. Bank as it has already increased its interest rates after the crisis,

The Reserve Bank of Australia (RBA) has cut the official cash rate from 1.5 per cent to a new historic low of 1.25 per cent. The decision broke the RBA’s longest streak without change the offical interest rate.

The Reserve Bank has made the historic move of cutting interest rates to an all-time low of 1.25 per cent, ending weeks of frenzied speculation.

The RBA cut the official cash rate from 1.50 per cent to 1.25 per cent at its June meeting, and despite expectations it would wait until early August to cut again, it moved sooner, with another 25.