Reserve bank of Australia

To understand why global stock markets have dipped, we first need to understand what’s happened in the U.S. economy.

The Reserve Bank of Australia (RBA) has kept the cash rate at 4.35% for the sixth consecutive time, in August 2024. The decision follows a two-day board meeting.

The Reserve Bank of Australia (RBA) has set the cash rate for June 2024 at 4.35%. For comparison, it was 0.10% at the start of 2022.

The RBA is Australia’s central bank. Its key responsibility is setting the ‘cash rate’ — an interest rate it charges commercial banks for short-term loans.

Changes to the RBA announced last year formally came into effect this week, following the first board meeting of the year.

What is the cash rate? The Reserve Bank chose to leave the cash rate unchanged on Tuesday – the last meeting of 2023.

Why did the cash rate rise? The Reserve Bank decided to raise the cash rate again on Tuesday, after keeping it unchanged since July.

The Reserve Bank of Australia (RBA) has kept the cash rate unchanged at 4.1% for a fourth consecutive month.

RBA Governor Philip Lowe has announced a cut to interest rate meetings after a review into the bank’s culture and practices.

The RBA has left interest rates unchanged at 4.1% for the month of July, with RBA Governor Philip Lowe saying inflation has “passed its peak”.

The latest monthly figures show inflation in Australia has fallen from 7.4% to 6.8%, but that’s still a significant rise. What does it mean?

The Reserve Bank of Australia (RBA) increased the cash rate from 2.85% to 3.1% today.

What are interest rates, and how does it affect housing?