Ardent Capital Group in Sydney, Australia | Financial planner

Ardent Capital Group

Locality: Sydney, Australia

Phone: +61 2 8005 1468

Address: Level 4, 171 Clarence Street 2000 Sydney, NSW, Australia

Website: http://www.ardentcapital.com.au/

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25.01.2022 Cash rate remains unchanged The Reserve Bank of Australia (RBA) has decided to leave the cash rate unchanged at 0.25 per cent. As mentioned in Governor Philip Lowe’s official statement, the economy is going through a very difficult period and is experiencing the biggest contraction since the 1930s. As difficult as this is, the downturn is not as severe as earlier expected and a recovery is now under way in most of Australia... The Board is committed to do what it can to support jobs, incomes and businesses in Australia. Its actions...are keeping funding costs low and assisting with the supply of credit to households and businesses. The Board will maintain highly accommodative settings as long as is required and continues to consider how further monetary measures could support the recovery. What does this all mean? Essentially, the RBA is committed to keep funding costs low, meaning now is the time to get a better deal on your existing or future loan. Get in touch today to see if you can benefit from this unprecedented low cash rate!

21.01.2022 The Reserve Bank has held the official cash rate at 0.25%. In the official statement released today, the RBA spoke of the measures they’ve introduced to support the economy and Australians. Governor Philip Lowe had this to say:... We are committed to supporting people’s incomes, maintaining the important connections between businesses and their employees, underpinning the supply of credit to businesses and households, and keeping borrowing costs low. The deferral of loan and other payments is helping people manage their cash flows. The RBA will maintain its efforts to keep funding costs low in Australia and credit available to households and businesses. The Board is committed to do what it can to support jobs, incomes and businesses during this difficult period and to make sure that Australia is well placed for the expected recovery. The record low cash rate has been prompting mortgage holders to refinance and take advantage of the lowest home loan rates on offer in decades. If you are looking to refinance or need financial support during this time, speak to us about your options today.

18.01.2022 Cash rate held at a record low of 0.25% The Reserve Bank of Australia (RBA) has decided to leave the cash rate unchanged at 0.25 per cent. In the official statement released by the RBA, it was stated that substantial liquidity measures being used across our financial system are helping to support credit and maintain low funding costs in the economy.... But what does that mean for the housing and credit sectors? Governor Philip Lowe had this to say: This will help lower funding costs across the banking system and provides an incentive for lenders to support credit to businesses, especially small and medium-sized businesses. As home loan rates continue to drop, this is the ideal time to review your current loan. Speak to us today!

04.01.2022 Cash rate held at a record low of 0.25% It came as no surprise today when the Reserve Bank of Australia (RBA) decided to leave the cash rate unchanged at 0.25 per cent. The Australian economy is going through a difficult period however the RBA remains optimistic about our recovery as restrictions begin to ease and consumer spending picks up. RBA Governor Philip Lowe had this to say in his official statement:... The Board is committed to do what it can to support jobs, incomes and businesses and to make sure that Australia is well placed for the recovery. Its actions are keeping funding costs low and supporting the supply of credit to households and businesses. This accommodative approach will be maintained as long as it is required. The Board will not increase the cash rate target until progress is being made towards full employment and it is confident that inflation will be sustainably within the 23 per cent target band. The low funding costs are ideal for anyone looking to get a better deal on their existing home loan, as lenders continue to drop their rates to record lows. Banks have also implemented a raft of policies to help support those doing it tough during this time. If you have a question about your existing home loan, or are looking for a new loan, speak to us today!