December 31st, 2012
In it’s final meeting for 2012 the RBA reduced official rates by a further 0.25 pts to 3% marking the lowest interest rate since the start of the GFC.
Currency markets however expect further rate reductions in the next 12 months. A move that should help inject some life into the housing market.
July 5th, 2012
As was widely expected the Reserve Bank opted to keep official interest rates unchanged at the July meeting. We would expect the retail banks to also keep mortgage rates at current levels. The bank is expected to make a further reduction of 0.25 basis points later this year but we do not expect this to be before October.
July 3rd, 2012
The RBA is expected to leave interest rates unchanged when it meets today. Leading economists point to better than expected news on the Australian economy coming out over the last month making a further reduction in rates unlikely.