Primo Finance Pty Ltd

Primo Finance Pty Ltd Local Finance Broker specialising in Home/Investment property Mortgages, Equipment & Car finance, SMSF investment lending and Business/Commercial Lending

Greg Wood is a friendly local Finance Broker who specialises in investment lending, mortgages, equipment & car finance, and commercial finance. Contact Greg for a free no obligation Home Loan check-up (03) 9379 5290.

05/05/2026

The board of the Reserve Bank of Australia (RBA) has today (5 May) announced its decision on monetary policy for May, determining to lift the official cash rate by 25 basis points to 4.35 per cent.

The May decision marks the third consecutive 25-basis-point hike for the year, continuing the tightening cycle that began in February when the RBA first lifted interest rates to cool stubborn inflation.

The last time the official interest rate was at 4.35 per cent, it remained there for over a year - with the RBA increasing the cash rate in November 2023 to 4.35 per cent and holding it there until February 2025.

Today’s policy decision was made by majority: eight members voted to increase the cash rate target by 25 basis points to 4.35 per cent; one member voted to leave the cash rate target unchanged at 4.10 per cent.

It stated that the move was driven by persistently high inflation, a firm labour market, and a rapid surge in fuel costs sparked by the military conflict in the Middle East.

17/03/2026

The Reserve Bank Monetary Policy Board has moved to raise the cash rate, as it responds to renewed inflationary pressures and a mounting global oil shock.

On Tuesday afternoon (17 March), the Reserve Bank of Australia (RBA) Monetary Policy Board announced that it had lifted the cash rate – a decision which was widely anticipated as it confronts stubborn inflation and mounting price pressures from the Middle-East driven oil shock.

The RBA has increased the official cash rate by 0.25 per cent, continuing the tightening cycle which begun in February when the Board last lifted interest rates.

This takes the cash rate from its current level of 3.85 per cent to 4.1 per cent.

The decision was split, with five members voting to increase the cash rate while four members voted to leave the cash rate unchanged.

04/11/2025

The Reserve Bank of Australia (RBA) under Michele Bullock has delivered on market expectations by keeping the case rate at 3.6%.

All banking majors expected the RBA to deliver a Melbourne Cup Day hold, thanks to stubborn inflation.

Inflation data came in hotter than expected in the September quarter, with consumer prices rising 3% year-on-year. Following the 29 October inflation print, the RBA rate Tracker increased the odds of a hold from 61% to 93%.

Belinda Allen, Commonwealth Bank’s head of Australian economics, accurately predicted a more “hawkish tone” from the RBA today, in order to prevent a further resurgence in price growth.

Despite unemployment rising to 4.5%, Allen noted that the labour market remains “slightly tight”, making a rate reduction improbable without a broader cooling in demand.

With no further RBA meetings scheduled for the year, the cash rate will stay put through to 2026.

The jury is out on what is in store for the year ahead; while ANZ and Westpac have left the possibility of a February 2026 rate cut on the table, NAB does not expect another move until May 2026.

30/09/2025

The Monetary Policy Board has handed down its decision for the official cash rate for September–October.

The Monetary Policy Board of the Reserve Bank of Australia (RBA) has opted to maintain the official cash rate at its current rate of 3.60 per cent, as widely expected by market.

Following discussions on 29 and 30 September, the Monetary Policy Board announced its rate decision this afternoon (30 September), holding the official cash rate where it is.

The vast majority of bank economists had expected the RBA to reduce the cash rate today, with all four of Australia’s major banks predicting that the central bank would maintain its current settings, after having dropped the cash rate to its lowest level in two years just six weeks ago.

12/08/2025

The Monetary Policy Board of the Reserve Bank of Australia (RBA) has lowered interest rates by 25 basis points to bring the cash rate down to 3.60 per cent.

The rate drop marks the third cut in the current easing cycle (which began in February of this year) and the lowest the cash rate has been since May 2023.

In an unattributed record of votes, the RBA revealed that the move was made by nine members in favour versus zero against.

08/07/2025

The Reserve Bank of Australia (RBA) has opted to maintain the official cash rate at its current rate of 3.85 per cent.

Following discussions on 7 and 8 July, the Monetary Policy Board announced its final rate decision this afternoon (8 July), surprising the market by holding the official cash rate at its current level.

In the first unattributed record of votes in the post-meeting statement, it was revealed that the move was made by majority; 6 in favour, 3 against.

20/05/2025

The cash rate will drop below 4 per cent for the first time in two years as the central bank continues its rate-easing cycle.

The Reserve Bank of Australia (RBA) has announced that it will cut the cash rate by 25 bps from 4.10 per cent to 3.85 per cent.

The widely expected decision takes the interest rate below 4 per cent for the first time since May 2023, when it was 3.85 per cent

The May/June cash rate decision marks the second rate drop this year, after the RBA cut rates by 25 bps in February 2025 to start the rate-easing cycle.

If lenders pass on the 25-basis point cut in full to a 6.01 per cent interest rate, on a $600,000 loan balance, it would mean a saving of nearly $100 a month,”

“The cash rate cut will provide a much-needed boost to borrowing capacity for hopeful buyers who stand to see their borrowing capacity rise.”

01/04/2025

he Reserve Bank of Australia (RBA) has avoided any April Fool’s shocks, instead announcing that it will hold the cash rate at 4.10 per cent, in line with market expectations.

The decision - which was announced on Tuesday afternoon (1 April) - comes after the RBA lowered rates by 25 bps in February, triggering the first rate-easing cycle in more than four years.

Economists and all four major banks were forecasting the interest rate to remain unchanged after the RBA signalled a cautionary tone in recent weeks.

The RBA is working to bring inflation into its 2–3 per cent target band.

The latest quarterly inflation figures showed that the Consumer Price Index (CPI) in the December quarter remained within the RBA's target range for the second quarter in a row. The CPI rose by 0.2 per cent, easing annual inflation down to 2.4 per cent.

18/02/2025

he central bank has revealed in its first meeting of the year that it will drop the cash rate for the first time since November 2020.

The Reserve Bank of Australia (RBA) has announced a long-awaited cash rate cut, lowering the rate by 25 basis points from 4.35 per cent to 4.10 per cent.

The decision marks the beginning of the first rate-easing cycle for four years and breaks a streak of nine consecutive announcements where the central bank kept the cash rate unchanged.

It has been more than a year since the cash rate last moved (it increased 25 basis points in November 2023).

The decision, which was announced on Tuesday afternoon (18 February), was broadly anticipated by economists and all four major banks as the central bank continues to work to bring inflation into its target band of 2-3 per cent.

10/12/2024

The Reserve Bank has made the decision to hold the official cash rate to close out 2024.

The Reserve Bank of Australia (RBA) has held the official cash rate at 4.35 per cent in its final monetary policy meeting for 2024.

Today’s (10 December) cash rate decision marks the eighth consecutive hold since it was last raised by 0.25 per cent in November 2023.

The RBA's next meeting will not be held until Monday 17 February, with the decision being announced on 18 February 2025.

05/11/2024

RBA holds its horses for Cup Day decision

t's been a year since the cash rate last moved and while inflation is falling, the central bank has warned it still seeks upside risks.

As was widely anticipated by economists, the board of the Reserve Bank of Australia (RBA) decided to keep the official cash rate at its current level of 4.35 per cent for the month of November.

This is the eighth consecutive time Australia's central bank has kept the cash rate stable and marks a year since the cash rate last moved (it increased 25 basis points in November 2023).

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