RBA

We look set for an official interest rate cut before the federal election after inflation figures came in under target this week.

There’s increasing speculation that the Reserve Bank may cut interest rates later this year but the central bank has moved to dispel that notion this week.

The RBA has left its official cash rate at the record-low of 1.5 per cent for the 29^thmonth in a row but experts are saying a cut this year is becoming inevitable.

While the chaos of this week’s banking royal commission final report has attracted most attention in the finance industry, the RBA this week kept interest rates on hold at 1.5 per cent for another month in its first cash rate announcement for the year.

Lenders are preparing for a possible interest rate cut from the RBA by letting the discount rate between floating and fixed rates widen by up to 30 per cent.

Three of the nation’s leading economists say 2019 will see further interest rate cuts from the RBA from their record-low 1.5 per cent.

Australia’s record run of low interest rates has continued on for another month with the RBA once again leaving the official cash rate at 1.5 per cent.

The Reserve Bank says it’s more than just tighter lending – there’s four main drivers pushing down our house prices.

It was a decidedly more upbeat RBA, who revised their forecasts for economic growth in 2018 and 2019 up and kept rates low amid falling house prices and low inflation.

Interest rates have been left on hold again – sitting at their record low of 1.5 per cent for the 26^thmonth in a row.