There’s a debate to be had: the Reserve Bank of Australia could still cut the official cash rate that stands at a record low 1.5 per cent. But will they do it? Even the case for the affirmative.
Borrowers might have to wait until August before getting a rate cut from the RBA, but you can still give yourself an interest rate cut today. The RBA has resisted calls to cut the official cash rate, but will be looking closely at this month’s employment data, whether wages growth remains flat and potentially the next round of inflation.
For the second time in 3 months, the Reserve Bank of Australia (RBA) has once again dropped the official cash rate, this time by 25 basis points to a new record low of 1.5%. Some of the banks have already passed on part of the rate cut! Check out the variable interest rates that we currently have on offer:
Vulture funds shy away from court action on repossessing homes Billionaire Gilbert Awake and Responsive After Sunday Stroke Dan Gilbert, the billionaire founder of mortgage giant Quicken Loans Inc. and owner of the NBA’s Cleveland Cavaliers, is "awake, responsive and resting. Advertisements. Menu. ;. billionaire dan gilbert awake, Responsive After Sunday Stroke.Billionaire Paul Singer took control of the tall ship the A.R.A. Libertad with a court order in Ghana this week. financier,’ calling the move a ‘sneak attack of the vulture funds’ and a violation.Alfred Sangster | The car in Jamaica’s economy The Government also earns significant revenue from taxes on petroleum products. We need to take a look at the impact of the car on the individual in the Jamaican economy. The Jamaican economy is.Halcyon Veil’s Jesse Osborne-Lanthier launches fundraiser Whom Will We Honor Memorial Day? Memorial Day commemorates those men and women who have made the ultimate sacrifice in our armed services to stand against those whose selfish nature has gone uncontrolled. We honor those whom we.Reggae Caribbean Cookout Swiss ditch Libor as rate reference libor is a global benchmark interest rate that underpins the terms of $500 trillion of contracts from mortgages to the cost of corporate lending, but has been discredited after a number of banks were accused in 2012 by UK and US regulators of manipulating the rate.Tenants of troubled Minneapolis landlord become homeowners Landlords can qualify. The program is being enlarged after less than 1 million borrowers modified loans through HAMP, compared with the administration’s stated goal in 2009 of helping 3 million to.there are free drinks and a cookout on the patio. free passes come from h2odc.com More nightclub action: Platinum, which doesn’t have as many screens as its sister bar H2O, is also showing the fight,Are you a first time home buyer and need some advice before. four key tips from a home sales professional that you must consider. Know your lifestyle, know what home is going to fit that. Re-saleability is extremely important: It’s your first home, you’re not going to live in this forever, maybe three, five.
But the most pressing question is whether banks will pass on the full rate cut to borrowers, after pocketing more than 1 per cent of the 3.25 per cent of RBA rate cuts since 2011.
SolarCity to boost sales staff by 300 in Roseville; job fair Saturday SolarCity Corp. is adding 300 sales jobs to its Roseville call center. The San Mateo-based company is hosting a job fair Saturday. It already employs 475 at its 60,000-square-foot center.
suggesting the economy could benefit from a further rate cut, policy settings are already considered highly stimulatory. Since the easing phase began in November 2011 with a 25 basis-point adjustment.
The Reserve Bank of Australia sets the official cash rate, which is the interest rate for overnight loans provided to banks. The cash rate has a big effect on your home loan, credit card and.
Australia’s official cash rate now sits at 1.25% following a 25 basis points cut Three of the big 4 banks are reducing home loan rates, with CBA and NAB passing on the full 0.25% The RBA remains concerned about unemployment rising, stagnant wages growth and inflation under its target band.
Now that the RBA has cut the official cash rate, here’s how you can benefit Banks have been falling over themselves to cut interest rates ahead of Tuesday’s much-anticipated meeting of the Reserve Bank of Australia.
Cleveland Cavaliers owner Dan Gilbert hospitalized with stroke-like symptoms Cleveland – Dan Gilbert, the owner of the Cleveland Cavaliers and billionaire businessman, is recovering after suffering symptoms of a stroke and seeking hospital care. His company, Quicken.
Cash Rate. Monetary policy decisions are expressed in terms of a target for the cash rate, which is the overnight money market interest rate. A media release is issued at 2.30 pm after each Reserve Bank Board meeting, with any change in the cash rate target taking effect the following day. (Prior to December 2007,