Imat Financial

17/11/2023

New RBA Cash Rate 4.35%

08/03/2023

Reserve Bank of Australia announces new cash rate

Effective Date Chang points% new Cash rate
8 Mar 2023 + 0.25 3.60%

07/12/2022

01/02/2022

This afternoon the RBA made no changes to the Cash Rate, remaining at 0.10%:

The Omicron outbreak has affected the economy, but it has not derailed the economic recovery. The Australian economy remains resilient and spending is expected to pick up as case numbers trend lower. The RBA's central forecast is for GDP growth of around 4¼ per cent over 2022 and 2 per cent over 2023. This outlook is supported by household and business balance sheets that are in generally good shape, an upswing in business investment, a large pipeline of construction work and supportive macroeconomic policy settings. The main source of uncertainty continues to be the pandemic.

26/07/2021

Refinance your Home Loan for a better rate and get some cash back in your pocket.