Keylend Update: RBA Interest Rate Decision The Reserve Bank of Australia (RBA) has held its cash rate at 4.35% as of Tuesday. This decision is driven by the current inflation rate of 3.8%, which remains above the RBA’s target range of 2-3%. The RBA expects inflation to return to the target range late next year, reaching the 2.5% sweet spot by mid-2026. The Bank emphasized that returning inflation to target within a reasonable timeframe remains its highest priority. At Keylend, we are committed to keeping our clients informed about important economic updates. The RBA Board will continue to rely on data and evolving risk assessments to guide its decisions, closely monitoring global economic developments, domestic demand trends, and the outlook for inflation and the labor market. Stay tuned with Keylend for the latest financial news and insights. #Keylend #RBA #InterestRates #EconomicUpdate #Inflation #FinancialNews
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The Reserve Bank (RBA), which maintained rates at 4.35% in December, has left the door open for more increases, but with recent data challenging the prevailing trend, including lower-than-expected inflation rates, discussions about the possibility of a rate cut in 2024 have emerged. Despite economists’ projections of a 4.4% increase in prices, the Consumer Price Index (CPI) revealed a deceleration in inflation from 4.9% in October to 4.3% in November, as reported by ABS. Market analysts interviewed by SBS News suggested that unless a substantial economic shift occurs, the slowdown in inflation is likely signaling the conclusion of the RBA's tightening cycle. Call us now for 30 minutes one on one free financial consultation session. 1300 943 232 Have a successful day everyone! #successtips #millionairesmindset #propertyinvestment #beaninvestor #goals #DreamBig #home #homesweethome #realestate #buy #propertyinvestment #invest #market #property #business #opportunity #melbproperty #melbourne #melbournerealestate #melbourneproperty #melbre #realestateaustralia #melbournehouses #firsthome #firsthomebuyer
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Most economists expect the Reserve Bank of Australia (RBA) to hold interest rates steady following today’s monetary policy meeting. This follows data from the Australian Bureau of Statistics showing annual inflation rose to 3.8% in the June quarter, aligning with market expectations. However, there could be good news ahead, as one in four economists surveyed by Finder anticipate the RBA to make the first cash rate cut by their December meeting.
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The RBA is expected to leave the official cash rate unchanged at its first board meeting of 2024. The Reserve Bank of Australia (RBA) is expected to hold the official cash rate at 4.35 per cent today (6 February), according to bank economists. The central bank's inaugural monetary policy meeting for the year is set to conclude today, after the monetary policy board meeting commenced yesterday as per the new regime. The cash rate hold predictions come off the back of the lower-than-expected December quarter Consumer Price Index (CPI) dataset from the Australian Bureau of Statistics (ABS), which revealed annual inflation growth had slowed to 4.1 per cent, down from the 7.8 per cent December 2022 peak. Westpac chief economist Luci Ellis stated the CPI results were “consistent with a softer set of data prints over recent months”, not only with regard to inflation, but the labour market and economic growth as a whole. You may read the whole article here: https://buff.ly/3SxFc36 Call us now for 45 minutes one on one free financial consultation session. 1300 074 675 or message us on WhatsApp +61 488 859 637 Have a successful day everyone! For more details and inquiries, follow us on social media: Facebook: Simply Wealth Instagram: @simply_wealth_group Website: https://buff.ly/3HGlP0U Twitter: @SimplyWealthGrp LinkedIn: simply-wealth-group #successtips #millionairesmindset #propertyinvestment #simplywealth #simplywealthgroup #simplywealthaimstohelp #beaninvestor #investwithSimplyWealth #goals #DreamBig #home #homesweethome #realestate #buy #propertyinvestment #invest #market #property #business #opportunity #simplywealth #melbproperty #melbourne #melbournerealestate #melbourneproperty #melbre #realestateaustralia #melbournehouses #firsthome #firsthomebuyer
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The Reserve Bank of Australia (RBA) has opted to maintain the cash rate at 4.35% for the fourth consecutive monetary policy meeting. It has also acknowledged the unclear outlook for interest rates moving forward. The RBA's primary objective is to steer the annual inflation rate, currently at 3.6%, back into its target range of 2-3%. In a statement, the board emphasised the need for confidence in sustained inflation movement toward the target range. Despite medium-term inflation expectations aligning with the target, recent data indicates a slower-than-expected easing of inflation, which remains elevated. The board anticipates a prolonged period before inflation stabilizes within the target range and is attentive to potential upside risks. It emphasises the uncertainty regarding the optimal interest rate trajectory to ensure timely return to the target, refraining from definitive decisions at this stage. The next RBA policy decision is scheduled for June 18th, 2024.
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Inflation fell sharply, dropping to 4.1% in December from 5.4% in November. CreditorWatch Chief Economist, Anneke Thompson says “This provides a great sign of relief for both home and business borrowers, as it is likely the Reserve Bank of Australia (RBA) will keep rates on hold at next Tuesday’s Board meeting.” “While falling inflation is very positive news for the RBA and borrowers overall, operating conditions for businesses over the next six months will remain very challenging” Read Anneke’s full commentary at: https://lnkd.in/gak8b_Xs #creditorwatch #business #credit #data #economy #inflation #cashrate #rates #monetarypolicy #rba #centralbanks #chiefeconomist #economics #banks #cash
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CHRISTMAS REPRIEVE: Encouraging inflation figures have influenced the Reserve Bank of Australia (RBA) to postpone an interest rate hike this December. However, recent research reveals that the average borrower has incurred over $24,000 in extra interest due to RBA rate increases over the past 20 months. RBA Governor Michele Bullock has once again suggested that the next rate adjustment is more likely to increase than decrease. She emphasises, “the further tightening of monetary policy is required to ensure that inflation returns to the target in a reasonable timeframe, depending upon the data and the evolving assessment of risks.” Read more at API Magazine: https://bit.ly/3RtEDrU #aviserfinance #aviseraspireadvice #melbournerealestate #melbourne
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On November 7th, the Reserve Bank of Australia (RBA) made a decision to raise the cash target rate by 25 basis points to 4.35%, marking a 12-year high. The increase was anticipated by economists and reflects the RBA's concerns about inflation. In a statement issued by RBA Governor Michele Bullock, it was acknowledged that although inflation has peaked, it remains persistently high. The RBA's priority is to bring inflation back to its target level within a reasonable timeframe. Depending on data and evolving risk assessments, further rate hikes may be necessary. To stay informed in this era of rising interest rates, it is crucial to review your options and ensure you're obtaining the best possible outcome. Our experienced in-house broker, Kevin Mortimer, with over 25 years of expertise, can assist you in navigating the lending landscape and securing favorable lending arrangements. If you require assistance in reviewing your lending options, don't hesitate to reach out to us so we can get you connected with Kevin and provide you with tailored advice. #RBAInterestRates #EconomyUpdate #RBACashRateIncrease #LendingOptions #InflationConcerns
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In the Final meeting of FY24, the Reserve Bank of Australia (RBA) have decided to keep interest rates on hold at 4.35% In a statement from the RBA they sight the following reasons for their decision - Inflation has decreased however remains above target - The outlook remains highly uncertain - Remaining inflation to target is the highest priority
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The Commonwealth Bank is tipping a drop in interest rates of nearly 1 percentage point by the second half of 2024. #Inflation #InterestRates #CBA #RealEstate #PropertyInvesting #InvestingTips #InvestingEducation #InvestorsPrimeRealEstate
National Inflation is down to 4.3% which means that rate cuts are around the corner!
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Breaking News:📢 RBA Holds Cash Rate Steady at 4.35% In today's highly anticipated monetary policy meeting, the Reserve Bank of Australia (RBA) announced its decision to maintain the cash rate at 4.35%. Despite speculation among market experts and economists, the RBA has opted for a hold, citing factors such as inflation nearing the target band and the need for market stability. Stay tuned for expert analysis and insights into the implications of this decision on the economy and financial markets. If you have any questions, book an appointment now: https://lnkd.in/gvTTsJRZ you can call 0405 593 807, we are here for all your queries. You'll have the support you need to navigate the process smoothly and confidently. #firsttimehomebuyer #newhomeowners #firsthome #firsttimehomebuyer #clientfeedback #nfinityfinancials #bestmortgagebroker #mortgagebrokeraustralia #mortgagebrokersydney #MortgageNews #EconomyUpdate #RBA #mortgagebroker #cashratehike #nfinityfinancials #bestmortgagebroker #interestrates #cashrate Nfinity Financials
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