RBA

In yesterday’s minutes from March’s RBA policy meeting it was clear further cuts to INTEREST RATESimage this year could be on the agenda.

The RBA has cut official interest rates by 25 basis points to a new record low of 2 per cent.

Melbourne’s property market has just had some fuel thrown onto the fire, with sales expected to spike with interest rates cut to a new record low.

The RBA has left the door open to further rate cuts today after many economists had put them down for a reasonable spell on the sidelines after this week’s rate cut.

The Reserve Bank is leaving the door well and truly open to another interest rate cut due to fears house prices in some Australian cities will fall without further assistance.

The Reserve bank has kept interest rates at their record low of 2 per cent this month, but experts say there are more cuts coming later this year.

In a new forecast Morgan Stanley has predicted the Australian dollar to fall to US68c by the end of the year and to drop even further by the end of 2016 to US62c.

The Reserve Bank governor Glenn Stevens might have labelled Sydney’s house prices as ‘crazy’ last week but that alone won’t stop further rate cuts.

The RBA has kept interest rates on hold for the second successive month and they remain steady at 2 per cent.

The Reserve Bank of Australia has faced off against the Abbott Government’s support of negative gearing.