Reserve Bank cuts interest rates to historic low of 1.25pc

Cash Rate. Monetary policy decisions are expressed in terms of a target for the cash rate, which is the overnight money market interest rate. A media release is issued at 2.30 pm after each Reserve Bank Board meeting, with any change in the cash rate target taking effect the following day.

Quite why inflation has remained so stubbornly low despite. to which a June rate cut and follow up moves in coming months generate a more sustained lift in housing related sentiment”. Welcome to.

Federal Funds Rate – 62 Year Historical Chart. Shows the daily level of the federal funds rate back to 1954. The fed funds rate is the interest rate at which depository institutions (banks and credit unions) lend reserve balances to other depository institutions overnight, on an uncollateralized basis.

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The Reserve Bank of Australia slashed the official cash rate to an historic low of 1.5 per cent today. In the wake of low inflation figures and no movement from the Fed last month, the cut came as little surprise to the market. The interest rate cut will be welcome news for borrowers.

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The Reserve Bank has cut the official interest rate to a record low of 1 per cent. Tuesday’s 25 basis point cut to the cash rate follows a 25 basis point cut in June. The key reason the RBA is cutting.

In the first official rate move in almost three years, the Reserve Bank announced it will lower the cash rate from 1.5 per cent to 1.25 per cent. The reduction has been widely anticipated, and comes after the RBA signalled it could cut interest rates last month to curb unemployment rising.

ANZ and Westpac refused demands from both sides of politics to pass on the entirety of the RBA’s cut, instead announcing each would lower interest rates on mortgages by 0.18 and 0.20 per cent.

“I think for now, they’ll only get to point where they consider a rate cut is on the table and then do it later. The ECB has.

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