RBA prepares for quantitative easing after US Fed cuts rates to near zero
As the impact of the coronavirus outbreak comes into sharp focus, central bankers around the world are taking emergency action.
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This week in banking - All things Coronavirus from travel insurance to credit cards
All in this week’s banking recap.
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This week in banking - 35 lenders pass on full RBA cut and 5 other things you don’t want to miss
All in this week’s banking recap.
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RBA interest rate cut looms as coronavirus topples global share markets
As fears surrounding the coronavirus outbreak take a devastating toll on global share markets, it’s becoming increasingly likely that the Reserve Bank will cut official interest rates in its March meeting tomorrow.
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Will the RBA cut interest rates next week?
The Reserve Bank’s next meeting is less than a week away, and the board will have a lot to mull over. In particular, the latest round of jobs data must have RBA Governor Philip Lowe reeling. After dropping to 5.1% in December, seasonally-adjusted unemployment shot back up to 5.3% in January.
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How low will official interest rates go? (and what comes next?)
After 30 months of inactivity, the RBA decided to cut the cash rate three times last year, and is poised to pull the trigger again in 2020. But just how low will official interest rates go? Back in 2012, the cash rate was 4.25%, and the average savings account would have given you around 3.94% p.a. in interest. That’s a far cry from today’s rates. Right now, the cash rate sits at 0.75%, and the average savings rate is a paltry 0.97% p.a.
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This week in banking news - More first home loans, DMO prices to increase, home insurance for wild weather and the day of love.
All in this week’s banking recap.
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This week in banking news - No RBA cut, UBank’s Accessibility Kit, credit reporting changes, and the ‘tap and go’ trap.
All in this week’s banking recap.
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This week in banking news - lunchbox savings, green homes, the first home loans deposit scheme and travel insurance pitfalls
All in this week's banking recap.
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