Don’t wait for the banks, or the RBA, give yourself a rate cut today – InfoChoice
The Greens proposal – which follows that advocated by Gruen – is for the RBA to lend up to 60% of the value of a home loan to owner occupiers at the cash rate plus 0.5% points. The rest of the loan would be covered by having a 40% deposit or by borrowing from a commercial bank.
Banks might be pushing rates up, but the Reserve Bank’s focus should be on who they’re lending to. The RBA should cut rates, but not because the banks are upping them Editions
Positive data points will help to cement that and a rate hike will surely be a shoe-in. But negative data will likely give a bit of a rethink. figures to make a decision. You don’t say that unless.
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The RBA has resisted calls to cut the official cash rate, but will be looking closely at this month’s employment data before they pull the trigger. Sally Tindall, Research Director at Rate City, said borrowers might have to wait until August before getting a rate cut. “Australia didn’t get a rate cut today, but it’s still not off the cards.
Big Four banks won’t commit to RBA rate cut. THE big banks are under enormous pressure to pass on a Christmas rate cut gift in full, but they’re not saying anything.
However, with banks introducing their own rate increases in late 2015 independent of the Reserve Bank, experts have warned home loan lenders may play grinch and fail to pass on the RBA’s rate cut. "When the Reserve Bank drops the official cash rate, all eyes immediately turn to the banks,
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I don’t like these goings on folks. None said they currently back a rate cut. Prior administrations have taken care not to comment on Fed policy, but Trump has railed repeatedly against the U.S.
But the Unemployment Rate rose from 3.6% to 3.9%, Wait, What? Don’t shoot me, I’m just the messenger. led by Aussie dollar (A$), as China reduced their reserve ratio on banks last Friday, which is.
The Reserve Bank of Australia has moved to head off fears about deflation, cutting its official cash rate by 25 basis points to a historic low of 1.75 per cent. Cut influenced by core inflation.
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Our biggest banks move fast. Either that, or they collude. At 2.37 pm on Tuesday within minutes of the Reserve Bank cutting its cash rate to an all-time low, the Commonwealth Bank announced a.