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The RBA has finally taken the plunge, cutting the cash rate to a new low of 1.25 per cent.. Work out what your new monthly repayments will be and what this means for your budget. If you decide to put that money back into your mortgage, call your lender up and ask them to keep your monthly repayments the same.. APRA’s decision today to.
If you know what I mean. Load Error The Reserve Bank of Australia’s official. “I think their customers have been let down by this decision,” “Here was an opportunity, post the royal commission, to.
I’d like to share today’s rate announcement and the thoughts on why the Reserve Bank of Australia has made this decision. With a combination of retail deflation (ie the price of retail goods falling) and continued weak wages growth still impacting economic growth, the Reserve Bank have signaled that we can expect to see rates where they are for the time being.
The RBA’s decision means that businesses with revenue over $25 million or with 50 or more employees (such as airlines and ticketing companies), will no longer be able to charge flat-rate.
The legislation, known as Natasha’s Law’, means all food businesses will be. if it is made to order in front of you,
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· The decision followed a spate of soft economic data that increased calls by industry groups and other observers for a lower cash rate.
The decision by ANZ to keep some of the cut comes despite federal treasurer Josh Frydenberg urging the banks to pass any cut in full prior to today’s RBA board meeting.
· The RBA governor, Philip Lowe, sounded an optimistic note, saying Australia’s growth was “on-trend” and job growth was strong. But low household spending was the big worry, due in part to.
Once again the Reserve Bank of Australia (RBA) has held the official cash rate steady at 1.5%. But pressure could be mounting for a rate cut.