Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
subscribe to our newsletter

Cash rate to remain steady to year end: RBA

The official cash rate is expected to remain unchanged at 2.5 per cent for the rest of 2014, according to the Reserve Bank.

Released today, the RBA’s monetary minutes concluded that the money market rates in Australia continued to imply that the cash rate was expected to remain unchanged over the remainder of the year.

“At recent meetings, the Board had judged that it was prudent to leave the cash rate unchanged and members noted that the cash rate could remain at its current level for some time if the economy was to evolve broadly as expected,” the minutes said.

Advertisement
Advertisement

“Developments over the past month had not changed that assessment,” it said.

“There had been further signs that low interest rates were supporting domestic activity.”

The minutes noted that the Board would continue to monitor developments in the economy, with members noting that, on present indications, the most prudent course was likely to be a period of stability in interest rates.

Cash rate to remain steady to year end: RBA
mortgagebusiness

 

Latest News

The newly instated BOQ CEO has committed to revamping the bank’s home lending business amid a “disappointing” FY19 result. ...

The chairman and CEO of a non-major bank has called for an end to political “point scoring” at the expense of Australia’s banking syst...

The value of home loans taken out by investors has increased 11.6 per cent in the three months ending August 2019, according to a CoreLogic ...

FROM THE WEB
podcast

LATEST PODCAST: Mortgage pricing and product switching

Do you think the mortgage market will see more consolidation this year?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.