Interest rates news and advice

All the latest news on interest rates in Australia.

Will the RBA cut interest rates next week?

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?)

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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Will the RBA cut interest rates in February?

Will the RBA cut interest rates in February?

The Reserve Bank’s February meeting is just around the corner, and while it seemed like a pretty fine-balanced decision for a few days, the chances we’ll see the cash rate cut to 0.50% have dropped significantly.

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