Julie Bongiorno's blog

Aug 7 2013

August 2013 - Interest Rate Announcement


The Reserve Bank has unsurprisingly decided to cut interest rates this month indicating increased concern over the prospects for the national economy. Rates have now fallen by 2.25 percent since the current easing cycle commenced in November 2011 and are now at a record low 2.5 percent.

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Jul 2 2013

July 2013 - Interest Rate Announcement


The Reserve Bank has decided to leave interest rates on hold for the second consecutive month following the May decision to cut rates to a record low 2.75 percent.

Housing markets generally continue to rise off the back of low rates with buyer activity in Sydney, Melbourne and Perth at its highest level for some years.

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Jun 5 2013

June 2013 - Interest Rate Announcement


The Reserve Bank has decided to leave interest rates on hold this month. This follows last month’s surprise decision to cut rates to a record low 2.75 percent.

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May 7 2013

May 2013 - Interest Rate Announcement


The Reserve Bank surprised today by announcing a cut in the official interest rate by 0.25 percent to a new record low of 2.75 percent. Today’s announcement followed three months of rates on hold with the last cut of 0.25 percent in December last year.

Rates have now fallen by a full 2 percent since the beginning of the current easing cycle in November 2011.

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Apr 2 2013

April 2013 - Interest Rate Announcement


The Reserve Bank has continued with the recent trend and decided to leave official interest rates on hold at 3 per cent at its meeting this afternoon.

This is the third consecutive month of steady interest rate settings by the Bank with the result widely expected.

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Mar 27 2013

February 2013 - RBA leaves cash rate on hold at 3% in February


The Reserve Bank has, as expected, left the cash rate unchanged at 3% today following its February monetary policy meeting.

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Mar 27 2013

December 2012 - RBA cuts interest rates by 25 basis points for December


The Reserve Bank of Australia has dropped the Grinch’s outfit to spread some Christmas cheer by cutting the key interest rates by 25 basis points to 3 per cent.  

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Mar 27 2013

November 2012 - No change in interest rates


 

The Reserve Bank has left interest rates on hold following a robust inflation reading in September, marking the first Melbourne Cup day in six years that rates will remain unchanged.

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