AAP Finance Brokers’ Post

Guess what time it is… RBA update time! Today the RBA announced that the cash rate will be held at 4.35% 🤩 Not sure what this means? Reach out today & let’s chat! #RBA #RBAannouncement #RBAupdate #mortgagebroker #mortgagebrokermelbourne #cashrate

The RBA has decided to keep the cash rate on hold again at 4.35%. While this might be a pause for interest rates, it's not a pause on your home-buying journey! Let’s make the most of this stability. Check out our blog for tips --> https://ow.ly/F6aA50SRM1C #RBA #CashRate #HomeLoanExperts

The RBA has announced no increase to the Cash Rate target, which remains at 4.35%. This is the 5th consecutive session where the RBA has held the rate target with the last increase announced in November 2023.    The next announcement is in 49 days on the 6th of August.    #AUSTRALIANFINANCEBROKERAGE #RBAANNOUNCEMENT #INTERESTRATES

On 19th March, RBA left the cash rate on hold at 4.35%, as was universally expected. The Board has moved from a mild tightening bias to a neutral one: “the Board is not ruling anything in or out”. Forecasts from CBA and Westpac, plus the recent wording from RBA shows that there is still a lot of uncertainty in the market. Will future rate cuts or hikes be on the horizon? Stay tuned!  #RBA #interestrates #australia

What’s the deal with rate increases and the RBA meetings now? Last year the RBA changed the frequency and the structure of their meetings. The Reserve Bank of Australia (RBA) Board Meetings are now longer but are only held 8 times a year rather than 12. Whereas borrowers used to be able to anticipate the next RBA meeting coming on the first Tuesday of every month, most don’t know when the next meeting will be. So here’s the rest of the meetings schedule for 2024: ·     6–7 May ·     17–18 June ·     5–6 August ·     23–24 September ·     4–5 November ·     9–10 December. Find out more about the RBA and meetings here: https://lnkd.in/gwmbHy63 Find out more about Australian Finance Brokerage here: https://lnkd.in/gSj3kD2V #australianfinancebrokerage

The RBA has decided to keep the cash rate on hold again at 4.35%. While this might be a pause for interest rates, it's not a pause on your home-buying journey! Let’s make the most of this stability. Check out our blog for tips --> https://ow.ly/BbjY50TtZmf #RBA #CashRate #HomeLoanExperts

2024 RBA Cash Rate Decision Dates 📆 Did you know the RBA won't be meeting as often as usual this year? They'll now make a cash rate decision just eight times over the course of 2024. Mark these dates in your calendar and let's keep our fingers crossed for some rate cuts 🤞 👉 https://bit.ly/3uYAJ1P #oxygenhomeloans #australianhomes #realestateaustralia #realestateau #realestateaus #australianproperty

Awesome news! The RBA is holding the cash rate steady at 4.35%. No rate rise means we can keep our finances in check. #RBACashRate #FinanceNews #InterestRates #EconomicStability #FinancialPlanning #MoneyManagement #InvestmentStrategy #BudgetingTips #MarketUpdate #AustraliaEconomy

#GrantBindingAuthorityForOBSI The push to give the Ombudsman for Banking Services and Investments (OBSI) binding authority is gaining momentum! On May 8, Saskatchewan passed Bill 150, becoming the first province to pass legislation that would enable OBSI’s recommendations to become binding. Let’s support similar legislation throughout Canada! Gain more insights from our commentary: https://lnkd.in/g3M4GmEt #Investors #InvestorRights #InvestorProtection #ConsumerProtection #InvestorComplaints #FinancialServices #Finance #OBSI 

FCMB Group has announced an impressive financial performance in the first quarter of 2024. The bank profit before tax jumped by 192.6 per cent to N31.3bn in the first quarter of 2024. This is according to the financial results of FCMB Group Group for Q1, filed with the Nigerian Exchange Group (NGX Group). Investment banking led the group growth, improving by 228.1 per cent, followed by consumer finance, banking group and investment management which were by 165.4 per cent, 157.2 per cent, and 74.3 per cent, respectively. FCMB Group’s gross revenue went up by 104.8 per cent to N179.1bn in the three months of the year, driven by an 89.9 per cent growth in interest income and a 150.9 per cent growth in non-interest income. Additionally, customer deposits rose by 63.2 per cent year-over-year, from N2.0tn to N3.3tn at the end of March 2024. FCMB Group Ladi Balogun Yemisi Edun Click on the link to read the full story: https://lnkd.in/d9yF4imr #profit #PBT #businessnews #Nigeria #growth #IBMagazine