Posted in cash rate

With last week’s announcement, the Reserve Bank of Australia (RBA) decided to keep the cash rate at 4.35 percent. Now, all eyes are on when the first-rate cut might happen.Chris Collard, Director at FinancePath, believes that a future rate cut will make a big difference in boosting confidence among potential buyers. “While a rate cut would give existing borrowers some extra cash flow, the biggest effect would be on confidence for those thinking about buying—whether they’re looking for...

Homeowners across Australia are eagerly awaiting a potential cash rate cut from the Reserve Bank of Australia (RBA), which has remained steady at 4.35% since November 2023. With interest rates in other countries, like the US, Canada, New Zealand, and the UK, starting to drop, many are hopeful that the RBA will soon follow suit.Will the RBA cut rates soon?Despite some optimism following a 0.50% rate cut by the US Federal Reserve last month, the RBA has maintained its restrictive monetary polic...