It used to be the case that a graduate lawyer with one payslip was seen by banks as a safer bet for a home loan than a barrister with 23 months’ worth of bank statements. Given how the world has ch
RBA rules on August cash rate
RBA rules on August cash rate Share
In this special announcement, partnered by Legal Home Loans, learn the outcome of the RBA’s August board meeting.
The Reserve Bank of Australia (RBA) has revealed its decision on the August 2021 cash rate, as governments grapple to minimise the economic fallout caused by the COVID-19 Delta strain.
Continuing the recent record-low run, the official cash rate will once again remain at 0.1 per cent.
CreditorWatch chief economist Harley Dale has weighed in on the central bank’s latest decision, stating it “comes as no surprise” as Australia contends with the economic fallout currently being caused by widespread lockdowns aimed at mitigating the spread of the Delta strain of COVID-19.
RBA makes July cash rate call lawyersweekly.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lawyersweekly.com.au Daily Mail and Mail on Sunday newspapers.
RBA makes May cash rate call
RBA makes May cash rate call Share
In this special announcement, partnered by Legal Home Loans, learn the outcome of the Reserve Bank of Australia’s monthly board meeting.
In line with expectations, the RBA has held the cash rate at a record low 0.1 of a percentage point.
The decision to leave interest rates on hold came as no surprise to economists, with the RBA openly repeating on several occasions that rates will likely remain as they are until 2024 at the earliest.
CreditorWatch chief economist Harley Dale said that any chatter about an early rise has been silenced, not only by continuing RBA rhetoric but by the benign print for the March 2021 quarter consumer price index (CPI) issued last week.