Reliable Mortgage and Finance

18/02/2025

The RBA has decided to lower the cash rate target to 4.10%, citing progress in reducing inflation. While inflation has eased faster than expected, risks remain, including a tight labor market and global uncertainties. The Board emphasized a cautious approach to further rate cuts, balancing economic recovery with inflation control.

Read the full statement: RBA Media Release

18/02/2025

The Reserve Bank of Australia (RBA) is set to announce its interest rate decision today at 2:30 pm AEDT. Many economists anticipate a 25 basis point cut, which would bring the cash rate down to 4.1%.  This potential reduction aims to provide relief to households and stimulate economic growth. However, some experts caution that banks may delay passing on the full benefits to customers.  Let’s stay tuned for the official announcement and see how it impacts our finances.

24/12/2024

14/09/2023

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07/03/2023

When the Reserve Bank of Australia (RBA) increases the cash rate by 25 basis points, it means that they have raised the interest rate that banks and financial institutions charge each other for overnight loans. This is the interest rate that banks use as a benchmark for setting their own lending and deposit rates.

An increase in the cash rate means that borrowing money becomes more expensive, and this can have a range of effects on the economy. It can make it harder for businesses and individuals to obtain credit, which can lead to a slowdown in spending and investment. However, it can also help to cool inflation by reducing the amount of money circulating in the economy, as well as potentially increasing the value of the Australian dollar.

Overall, the decision to increase the cash rate by 25 basis points is typically taken by the RBA as part of its efforts to manage inflation and maintain the stability of the Australian economy over the longer term.

If you want to know more about how the rate increased impacts your Home Loan

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18/02/2023

Maha Shivaratri is a Hindu festival dedicated to Lord Shiva, one of the principal deities in Hinduism. The festival is celebrated annually on the 14th night of the dark half of the Hindu month of Phalguna, which typically falls in February or March in the Gregorian calendar.

The word "Maha Shivaratri" translates to "Great Night of Shiva," and it is believed that Lord Shiva performs the cosmic dance of creation, preservation, and destruction on this night. Devotees observe a day-long fast and offer special prayers and offerings to Lord Shiva on this auspicious day.

Happy Maha Shivaratri to everyone 🙏

16/02/2023

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