How much of an RBA rate cut do lenders pass on?

How much of an RBA rate cut do lenders pass on?

What the ANZ bank fees case means for credit card customers

What the ANZ bank fees case means for credit card customers

RBA cuts the cash rate, which banks have moved?

Following the RBA’s cash rate cut all are on lenders to see if they intend to pass this cut on. A full list of lenders intending to move is below.

Interest rates to hold in April, despite pressure to cut

The Reserve Bank is likely to leave rates on hold again tomorrow for the 11th consecutive month,despite growing pressure for a rate cut. A RateCity.com.au analysis of 26 key economic indicators shows that a higher Australian dollar, a dip in consumer confidence and a property market coming off the boil won’t be enough to prompt a rate cut this month.

RBA unlikely to surprise mortgage holders today

The Reserve Bank is expected to keep official rate steady at 2 per cent today, despite indications from the board that the next move will be down.A RateCity.com.au analysis of the key economic indicators shows that an unexpected rise in unemployment and sluggish inflation won’t be enough to spur the Reserve Bank into action this month. Sally Tindall, money editor at RateCity.com.au, said that while these indicators pointed to a rate cut, the RBA board was expected to bank it for another day.

Rates on hold but market still awash with home loan bargains

The RBA has this afternoon announced that rates will remain on hold for the moment but banks are continuing to offer low interest rate deals for ideal borrowers with big deposits.

Will today's RBA meeting lead to a cut in home loans?

While economists across the country widely agree rates are set to stay on hold at 2 per cent, the Reserve Bank’s first meeting of 2016 tomorrow will set the agenda for the year. The pressure on our central bank to cut rates has, if anything, increased in the wake of a wavering Aussie dollar, plunging commodities and a nervous stock market, which means we could see a rate cut or two in the coming months.

Jobs growth puts the brakes on mortgage rate cuts in 2016

Unemployment reached a low 5.8 per cent in November according to the latest ABS figures for November, for the first time since May 2014, fuelled by a hefty rise in new jobs created of 71,400 which is the biggest monthly increase in decades. Some economists and commentators are now suggesting the RBA is more likely to leave the cash rate on hold in 2016, or up, as a result of the surprise jobs figures. Bank of America Merrill Lynch is one such organisation who is predicting the RBA could raise rates if the jobs boost continues, as reported in the Australian Financial Review.

Bank of mum and dad' popular choice for first home buyers

It’s always been a bank you can trust, but just how popular is the bank of mum and dad? New RateCity research shows that half of Gen Y couples now need financial help from their parents to get into the property market. Property prices have sky-rocketed in the last five years, particularly in our capital cities, so it’s no wonder a lot of younger people are struggling to outbid cashed-up investors at the point of sale.

RBA leaves cash rate on hold but fixed mortgages drop

The RBA left the cash rate on hold today at 2 per cent in what was one of the most predicted rate announcements in recent years. Today’s decision by the board means the cash rate has remained steady for the last seven months, with just two rate increases in 2015 in February and May. There are mixed views on whether rates will drop further in 2016. Shane Olliver, Chief Economist at AMP Capital believes there will be another interest rate cut.