Beyond Home Loans | Local business
Beyond Home Loans
Phone: +61 7 3077 8806
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24.01.2022 RBA have lowered interest rates by 0.25% today. Cash rate is now 3.25%, only 0.25% higher than what it was at its lowest point in the midst of the GFC (April 2009). With interest rates now at almost historical lows, the RBA is wanting to see a rebound in confidence levels throughout the economy, particuarly in depressed sectors like retail, construction & property.
19.01.2022 RBA has decreased interest rates by another 0.25% today. A true Xmas present for all mortgage holders. Statement suggests Europe debt issues are the main concern with this possibly weighing on global growth in the medium term. With domestic inflation moderating, they had room to reduce and decided to do so. The big question now is, will the banks reduce by the full 0.25%, or by a lesser amount? We will find out within in the next few days....
13.01.2022 has finally been dragged kicking and screaming into the 21st century, and has joined Facebook. Please like us!
09.01.2022 RBA has decreased interest rates by 0.25% today. More reason to cheer on Melbourne Cup day! Accompanying statement suggests they are more comfortable with inflationary pressures and have moved to a more "neutral" policy setting.
04.01.2022 RBA has left rates on hold at 4.25% today. Being their first meeting in 2 months, there was considerable interest and speculation with many in the media almost guaranteeing a rate cut. That didn't transpire due to stability in Europe, positive signs in the US and steady local growth & inflation. The RBA seems to be taking a wait and see approach going forward before making any further changes to interest rates.
