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What today’s RBA decision means for you

Today, we’ll have a vote to punish," referring to the House vote to rebuke Trump over the comments. What to expect for the.

The Reserve Bank of Australia (RBA) cut the official cash interest rate by 0.25% this week, but what does that really mean for the property market? And how much money will you save on mortgage repayments? Real estate agency ray white has welcomed the move, saying that it is in tune with a changing.

 · The RBA decision means the cash rate is at its lowest level since 1990, with experts predicting there could be further cuts before the end of the year. The average home loan size in Australia is $384,700, while the average variable rate sits at 4.91%.

"The decision to cut interest rates is an attempt from the RBA to support the economy; the decision has very little to do with housing market conditions." The Australian economy grew 0.4 per cent in the March quarter of 2019, the slowest rate since the end of the GFC in 2009 as weak household consumption weighed on growth.

The New Zealand Dollar is trading flat shortly before the Reserve Bank of Australia releases its latest interest rate decision and rate statement at 0330 GMT. The RBA is widely expected to leave.

 · As was widely expected the Reserve Bank of Australia has held the cash rate steady at the record low of 1.5% for another month. Today’s decision.

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Brendon Lau | August 7, 2018 ski syd TCL. The Reserve Bank of Australia’s (RBA) decision to sit on record low-interest rates for the 22nd straight meeting has done little to lift the mood of investors but that doesn’t mean our central bankers didn’t have anything interesting to say.

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RBA rate cut: What the reserve bank decision means for housing market The property market has lost billions of dollars over the last couple of years but the Reserve Bank’s historical decision.

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