Following its decision to lift rates by a widely unexpected 50 basis points (bps) in June, the Reserve Bank of Australia (RBA) passed another 50-bp rate hike on Tuesday, taking the official cash rate from 0.85 per cent to 1.35 per cent.
In an effort to blunt inflation early on, the Reserve Bank of Australia has lifted the cash rate by 50 basis points, the largest single increase in more than 20 years.
The Reserve Bank of Australia (RBA) has made a judgment call on the cash rate for October amid a flurry of debate around lending and ever-increasing property prices…
Regardless of fluctuating interest rates, investors need to consider how bonds fit into a diversified portfolio and the role they play in a holistic asset allocation…
Normally the RBA might now be starting to contemplate rate hikes for some time in the next year but their operating function is now very different to that seen prior to the pandemic…
The RBA has left interest rates on hold at 0.1 per cent, saying that while it was monitoring the housing market and economic recovery it remains committed to its current policy settings.
The RBA has left rates on hold at their effective lower bound of 0.1 per cent, saying, “The board remains committed to maintaining highly supportive monetary conditions until its goals are achieved.”
