Don’t wait around for more rate cuts to save money on your mortgage.
Banks are expected to hold back on passing on today’s rate cut in full as they seek to balance out mortgage rates with deposit rates for savers.
It was no surprise that the RBA cut interest rates to a record low of 1.25% with the intention of stimulating the economy. But was this the right decision?
With the RBA taking the knife to the official cash rate for the first time since August 2016, it’s time for consumers to cash in.
The RBA has slashed interest rates in the first cash rate move in almost three years. The move was widely expected, and no doubt the focus will now turn to mortgage rates; how low will they go?
After having a stellar run in the first quarter of 2019, and with the RBA set to meet early next week, the Australian sharemarket momentum has slowed by around 80% over the past two months.
The RBA is expected to slash the cash rate to 1% in coming months, but should that be a cause for celebration or concern?
Josh Frydenberg will unveil the Federal Budget, his first as treasurer, in Canberra tonight. With all eyes on Prime Minister Scott Morrison as he prepares to announce the date of the next federal election, tonight’s Budget is an important step in the Coalition’s bid for re-election.