What factors does the Reserve Bank of Australia consider when making its decision on the official Australian cash rate? Find out at Canstar. What factors does the Reserve Bank of Australia consider when making its decision on the official Australian cash rate? Find out at Canstar.
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A set of graphs on Interest Rates from the Chart Pack. Skip to content Reserve Bank of Australia. The Reserve Bank of Australia acknowledges the Aboriginal and Torres Strait Islander Peoples of Australia as the Traditional Custodians of this land, and recognises their continuing connection to.
Why is the rba cutting interest rates? In simple terms, the cash rate determines the cost to borrow money. If the cash rate is high, it becomes more expensive for banks or other financial institutions to borrow money, while a low cash rate makes lending cheaper.
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The Reserve Bank has left official interest rates on hold in May for a 19th-consecutive meeting, deepening the record-breaking period without a rate movement. The central bank opted to again leave.
The Reserve Bank of Australia (RBA) is an independent body that determines the direction of interest rates based on a number of economic factors. As stated by the RBA their main aims are as follows: "The Reserve Bank of Australia’s (RBA) main responsibility is monetary policy.
The Reserve Bank of Australia has today kept the national interest rate on hold for the 20th month in a row. Further still, the RBA is expected to remain steady at the 1.5% cash rate for some time to come. In its summary, the Reserve Bank made mention of the Royal Commission and the impact it might have on consumers and banks behaviour.
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