Invest
Latest cash rate call revealed
The Reserve Bank of Australia has just announced its cash rate call for the month of October.
Latest cash rate call revealed
The Reserve Bank of Australia has just announced its cash rate call for the month of October.
After 25 consecutive months of keeping interest rates on hold, the RBA board has again decided to keep the cash rate unchanged at 1.5 per cent.
All 31 of the experts and industry commentators on finder.com.au predicted that rates would remain on hold again this month.
ABC Bullion chief economist Jordan Eliseo said the RBA was encouraged by recent economic data, including better than expected employment and growth figures.
“Having said that, low wage growth and underemployment are still factors, whilst the negative wealth effect from falling house prices has months, if not years to play out,” said Mr Eliseo.
“This, coupled with the likely slowdown in employment growth in the months ahead, will keep the RBA on hold for months to come.”
My Housing Market chief economist Andrew Wilson said that although recent data remains positive overall with lower jobless rate, declining budget deficit and a steadying dollar, concerns are increasing regarding rising trade barriers imposed particularly by US and China.
“Increased fuel costs will also be concerning the RBA with wages yet to rise as expected. Rates will remain on hold and the case for a near-term cut - although clearly an outside chance - is strengthening,” said Mr Wilson.
Laing and Simmons managing director Leanne Pilkington said most of the majors and a raft of smaller lenders have taken matters into their own hands and adjusted their rates despite the RBA’s hold position.
“Consumers are right to be sceptical about the attempts to justify these adjustments, especially against the backdrop of easing house prices, but there’s no justification for the RBA to exacerbate the situation,” said Ms Pilkington.
Spending
Festive shopping expected to be bigger and earlier than ever
Australians are set to spend $60 billion at retailers across the country. ...Read more
Spending
Aussies’ spending on subscription rises, but will it stick?
Aussies carved out a greater slice of their spending budgets when it came to streaming services during the pandemic. ...Read more
Spending
Qantas announces $2.3bn loss but plans to be flying again by Christmas
Australia’s national carrier has revealed the devastating impacts border closures have had on the company, while noting a possible return date to international operations in its full-year market upd...Read more
Spending
Will your frequent flyer status be impacted by COVID?
In the latest bid to kick-start the travel industry post-lockdowns, Australia’s largest airline has announced that it is rewarding its frequent flyers by extending their status. ...Read more
Spending
‘Technology, not taxes’: Why not both?
The government has joined the rest of the world in looking to offset carbon emissions, albeit through technology, not taxes, despite the possibility that positive taxes and incentives could potentiall...Read more
Spending
Social media spending balloons to $118bn
Australians are spending a whopping $118 billion on discretionary items through social media and apps, fresh figures have revealed. ...Read more
Spending
Why payphones are set to become free
Australians will now be able to make free calls from any Telstra payphone under a new initiative aimed at helping those who are in need, Telstra’s CEO has revealed. ...Read more
Spending
7 surprisingly simple ways to save money and help the environment
The rising costs of living is providing consumers with a rare win-win scenario by saving money and helping the environment. ...Read more
Will housing affordability improve in 2022? Will buy now, pay later become the norm? Why are Aussies staying in failing super products?
Listen now
Who really benefits from crypto ETFs? How will the RBA respond to rising inflation? Could a mandate help address unpaid super?
Listen now
How the post-lockdown period will influence property, what the soaring NFT market means, and defining financial wellness
Listen now
APRA’s mortgage crackdown, the power of DeFi and last-minute tax tips
Listen now
Spending
Festive shopping expected to be bigger and earlier than ever
Australians are set to spend $60 billion at retailers across the country. ...Read more
Spending
Aussies’ spending on subscription rises, but will it stick?
Aussies carved out a greater slice of their spending budgets when it came to streaming services during the pandemic. ...Read more
Spending
Qantas announces $2.3bn loss but plans to be flying again by Christmas
Australia’s national carrier has revealed the devastating impacts border closures have had on the company, while noting a possible return date to international operations in its full-year market upd...Read more
Spending
Will your frequent flyer status be impacted by COVID?
In the latest bid to kick-start the travel industry post-lockdowns, Australia’s largest airline has announced that it is rewarding its frequent flyers by extending their status. ...Read more
Spending
‘Technology, not taxes’: Why not both?
The government has joined the rest of the world in looking to offset carbon emissions, albeit through technology, not taxes, despite the possibility that positive taxes and incentives could potentiall...Read more
Spending
Social media spending balloons to $118bn
Australians are spending a whopping $118 billion on discretionary items through social media and apps, fresh figures have revealed. ...Read more
Spending
Why payphones are set to become free
Australians will now be able to make free calls from any Telstra payphone under a new initiative aimed at helping those who are in need, Telstra’s CEO has revealed. ...Read more
Spending
7 surprisingly simple ways to save money and help the environment
The rising costs of living is providing consumers with a rare win-win scenario by saving money and helping the environment. ...Read more
More articles
Website Notifications
Get notifications in real-time for staying up to date with content that matters to you.
