Don’t wait for the banks, or the RBA, give yourself a rate cut today – InfoChoice

Speculation is high that the Reserve Bank of Australia (RBA) will be the next central bank to ease monetary policy at its meeting this week following a month of surprise policy changes across the.

Don’t wait for the banks, or the RBA, give yourself a rate cut today – InfoChoice VA Honors veterans united home Loans’ Borrower as Its official 24 millionth loan united

 · "The RBA only has a few more interest rate cuts it can use so maybe its better to wait and see more of the effect from the election and the last month’s rate cut," Mr Mellowes said. His portfolio of shopping centres has 92 Woolworths or Coles supermarkets and a large part of the rent determined by the level of retail turnover.

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But don’t expect any action from the RBA, which wants to maintain the capability of bailing-out the banks via its own form of quantitative easing. [email protected] Share on Facebook Share on.

The Reserve Bank of Australia (RBA) has announced a shock 0.5% cut in the official cash interest rate, but the banks have so far failed to pass on the rate cut in full to borrowers. With the official cash rate now sitting at 3.75%, hopes are high that the property market could be set to bounce back.

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It goes the other way too. If you give the bank money to hang on to, you get the interest. It’s up to banks to decide how much interest they charge and give customers.

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As you may recall, I did say an interest rate cut next month was a long shot. It seems the boffins at Goldman now agree. Now Goldman have a brand new prediction, that they “.do not expect the RBA.

It’s still a wait and see situation though and don’t forget we are still waiting to hear what the final outcome of the NAFTA discussions were over the weekend. Today the focus switches to the AUD & AUD crosses with Australian Retail Sales data followed up the RBA Rate Decision & Statement.

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.