Reserve Bank Interest decision The Reserve Bank Governor, Phillip Lowe has announced a change to the interest rate today to record levels. The RBA had decided to reduce the cash rate by a further .25 basis points to a record cash rate of .75 per percent. In it's press statement moments ago, the
Tag: Interest Rates
Townsville home loan industry veteran; fixing loan rates not recommended
Townsville home loan market recommendations A veteran Townsville home loan industry insider has shed some unique insights into the home lending industry on the eve of another Reserve Bank (RBA) cash rate decision, with the industry predicting up to a further three interest rate cuts to boost the Australian economy. In the
Master Builders Chief Economist forecasts weaker commercial construction
Master Builders outlook on commercial construction Master Builders Australia are forecasting that construction activity in the commercial building sector will soften in the next few years, but not all aspects of commercial construction projects are facing tough headwinds in a challenging economic environment. Master Builders’ Chief Economist, Shane Garrett said “Commercial building
Reserve Bank June 2017 Rate Announcement.
The decision The Reserve Bank of Australia (RBA) Board today announced their cash rate decision. North Queensland and Townsville home owners and buyers receive no interest rate relief. In a move that was widely predicted, the RBA has retained the current official cash rate at 1.50%. The RBA is expecting economic growth to
Australia’s Reserve Bank Rate Announcement
North Queensland and Townsville home owners and buyers receive little relief from the Reserve Bank of Australia Board today with their cash rate announcement. Australia's Reserve Bank has acted on the cash rate as predicted by most reputable economists and retained rates on hold at 1.50 percent. With inflation trending higher, a