NewsAt the Reserve Bank of Australia’s June meeting, 07/06/2022, a decision was made to raise the target cash rate by 50 basis points to 85 basis points. 50 basis points also raised the interest rate on Exchange Settlement balances to 75 basis points. Summary: The cash rate has risen to 0.85% from 0.35% Cost to …
NewsAt its March meeting on Tuesday, the Reserve Bank of Australia has decided to maintain the cash rate at its current record low of 0.1%. Despite current figures showing a strong recovery in the Australian economy in the December quarter following the Omicron setback, the Reserve Bank acknowledged that the Ukraine war will have a …
NewsEarlier this week, at its first meeting of the year, The Reserve Bank of Australia (RBA) decided to hold its cash rate at 0.1 per cent for the 15 consecutive months, which was last changed in November 2020. This decision took place despite the growing economic threat from soaring inflation figures and the rising cost …
Disclaimer: The information provided on this page is general in nature and does not constitute financial, investment, or tax advice. Always consult with a qualified financial adviser before making any investment decisions. Past performance is not indicative of future results. All projections and estimates are illustrative only.
