The Board decided to maintain the current policy settings, including the targets for the cash rate and the yield on 3-year Australian Government bonds of 25 basis points. Volatility has declined and credit markets have progressively opened to more firms.

Bond rates remain at historically low levels.In Australia, the government bond markets are operating effectively and the yield on 3-year Australian Government Securities (AGS) is at the target of around 25 basis points. Create demo account . 07 April 2020 | 2 minute read.

RBA Interest Rate Announcement – June 2020. Written by realestateview.com.au in Finance on August 4, 2020. You can also find the 2018 and 2019 RBA meeting dates here. Before acting on this advice you should consider the appropriateness of the advice, having regard to your own objectives, financial situation and needs. The Board will not increase the cash rate target until progress is being made towards full employment and it is confident that inflation will be sustainably within the 2–3 per cent target band.Weighing up redraw vs offset accounts: which is better? Its actions are keeping funding costs low and supporting the supply of credit to households and businesses. Stay up to date on the news affecting the home loan market. Aussie welcomes HomeBuilder Program. Read more. Given these developments, the Bank has purchased government bonds on only one occasion since the previous Board meeting, with total purchases to date of around $50 billion. The Bank is prepared to scale-up its bond purchases again and will do whatever is necessary to ensure bond markets remain functional and to achieve the yield target for 3-year AGS. 7 April 2020: The RBA has held the official cash rate at 0.25%. Over the past month, infection rates have declined in many countries and there has been some easing of restrictions on activity. Share; Tweet; Share ; Pin; At its meeting today, the RBA Board decided to keep the cash rate at 0.25%. The Board decided to maintain the current policy settings, including the targets for the cash rate and the yield on 3-year Australian Government bonds of 25 basis points. This accommodative approach will be maintained as long as it is required. Read more. You can disable cookies anytime in your browser settings.

RBA (Reserve Bank of Australia) – Australia’s central bank and derives its functions and powers from the Reserve Bank Act 1959.

This was a program that was put in place by the RBA earlier in the year which allowed the Banks to access funding on a three year fixed term at 0.25%. Whether these habits work in our favour, or against us, is actually an important consideration when getting ready to apply for a loan.Speak with a Bernie Lewis Home Loans Mortgage Broker todaySubscribe to our eNewsletter to keep up-to-date with the latest financial news and information. The Reserve Bank of Australia (RBA) cut the official cash rate to 0.5% when it met on 3 March 2020. Owner occupiers and first homebuyers could access $25k for renovations. There has also been a pick-up in some forms of consumer spending.However, the outlook, including the nature and speed of the expected recovery, remains highly uncertain and the pandemic is likely to have long-lasting effects on the economy. The RBA’s monetary policy meeting is a board meeting held 11 times a year to discuss and set the ‘cash rate’ – Australia’s benchmark interest rate.

In the period immediately ahead, much will depend on the confidence that people and businesses have about the health situation and their own finances.The substantial, coordinated and unprecedented easing of fiscal and monetary policy in Australia is helping the economy through this difficult period. Latest RBA announcement. It has been prepared without taking into account any of your individual objectives, financial situation or needs. What is the RBA monetary policy meeting? Each Bank was allowed to access up to 2% of their outstanding credit facilities at this cheap rate.This had a flow on effect for borrowers as seen by the historically low, one, two and three year fixed rates available as low as 2.19%.Due to end at the end of September, this month the RBA has announced that they are making the Term Funding Facility available, on the same terms and at the same 0.25% rate for an extended period until the end of June 2021.This will come as welcome news for borrowers, particularly those who are willing to consider a fixed interest rate home loan.Of course, there are pro’s and con’s with a fixed rate home loan, so we recommend seeking advice from an experienced Mortgage Broker before committing to, or choosing a fixed rate home loan.If you would like to look at fixed rates as an option, give us a call on 8300 8300 or have a chat with your own Mortgage Broker.Good news for borrowers regarding fixed rates at the RBA Monthly Board Meeting!The winter months can be a great time to make a start on your home improvements or makeovers, and whilst we’re almost into Spring, it’s not too late to start a cost-effective makeover in your home.Us humans are habitual creatures, good, bad, and in-between.

The information provided is general advice only. However, an announcement that did stand out from the normal observations of the state of the economy was one regarding the RBA’s Term Funding Facility. Written by realestateview.com.au in Finance on June 2, 2020. When a major data release or financial news report is scheduled to be released, there will inevitably be increased volatility in the markets, and so knowing on which days these announcements are going to be made is an important … This was entirely expected and it’s highly likely the cash rate will remain at 0.25% for quite some time.However, an announcement that did stand out from the normal observations of the state of the economy was one regarding the RBA’s Term Funding Facility. Create live account .

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