Although many experts are now predicting the Reserve Bank will leave interest rates on hold for the rest of the year, Mozo Data Manager Peter Marshall says a rate hike in late 2017 is still a strong possibility.
Interest rates have been at rock bottom for some time now, but it seems that the RBA will be playing a waiting game as far as any further moves are concerned.
In the midst of turbulent global conditions, the Reserve Bank opted to keep rates on hold at 1.50% in its first interest rate announcement of 2017. Most experts had predicted the February outcome - but what’s in store for the rest of 2017 has everyone on the edge of their seats.
If you ever doubted the effectiveness of the RBA’s official cash rate, the findings on this page should come as no surprise. Here at Mozo, we’ve kept a close eye on the interest rate movements of the big banks over the last 12 months, to see how much they are distancing themselves from the Reserve Bank’s interest rate standards.
The November Reserve Bank announcement is almost upon us, and although most experts are now predicting that rates will stay on hold at a historically low 1.5%, some still think there’s the chance of a cut.
The RBA has cut interest rates twice this year, but now the question on everyone’s lips is whether the record low 1.5% cash rate is here to stay in November, or if it will be pushed even lower.
The smart money is on an uneventful outcome at Philip Lowe’s first RBA announcement as the new Governor later today, with rates widely expected to hold steady for the month.
This month, as Glenn Stevens steps down from his role as RBA Governor, he’s succeeded by Philip Lowe. Mozo took a look at who Philip Lowe is and his credentials for running the Reserve Bank of Australia.
After the RBA announced interest rates would remain on hold at 1.50% for September, some experts are predicting that we’ve seen the last rate change until next year.