Relief for homeowners and property investors has finally come in the form of an interest rate cut from the RBA, lowering the official cash rate by .25 basis points to 3.25%. Today’s Belle Property blog looks at the logic behind the decision to further cut the national cash rate and the respons[...]
Posts Tagged ‘Glenn Stevens’
August 17th, 2012 - 1:05 pm § in News
Belle Property Unpacks the August 2012 RBA Report
The Reserve Bank of Australia released their monetary report for August without any change to the national interest rate for the second running month. The move to keep interest rates at 3.5 % is interpreted by financial commentators as an attempt to exert caution and see how the economy fares on its[...]
February 7th, 2012 - 4:57 pm § in News
Woah Nelly: RBA Leaves Rates On Hold
Today’s RBA announcement swiftly quashed the expectations of economists and media commentators – broadly expecting another .25% interest rate drop to ease stress on the housing market and wider economy. Today’s Belle Property blog explores the reasons behind the board’s decision to leave[...]
December 8th, 2011 - 1:56 pm § in News
‘Interest’-ing Times
For the first time since 2009, the Reserve Bank of Australia have elected to cut the national cash rate for two consecutive months in a row. Today’s Belle Property blog looks at some of the reasons the RBA chose to cut interest rates, the effect these potential savings will have on the wider [...]
November 4th, 2011 - 12:53 pm § in News
Rate-Cut Relief
Tuesday’s Reserve Bank of Australia decision to cut the national cash rate by .25% was a relief for many. Although not unexpected, the interest rate cut will bolster confidence in the lead-up to Christmas – hopefully making for a strong retail season. Today Belle Property looks at the i[...]