The Reserve Bank has cut interest rates by 0.25 per cent. The 25 basis point fall comes on the back of a similar cut last month. The reduction is good news for people paying off a mortgage. “This will put an extra $60 into the pockets of borrowers each month,” says Domain property expert Carolyn [...]

The Reserve Bank has left its key interest rate unchanged for another month, ignoring for now the gathering signs of a slowdown in global growth. The central bank kept its cash rate at 4.75 per cent where it’s sat since Melbourne Cup Day last year. The RBA’s decision was widely expected as the central bank [...]

The central bank has again signalled that interest rates will increase “at some point” but says it will wait for more news on the state of the international economy and on Australia’s domestic demand. The minutes of the Reserve Bank of Australia’s (RBA) June 7 board meeting, show the bank believes inflation is being moderated [...]

If you want to hear some common sense on what the Japanese government should do to repair its economy, click here. You won’t find praise of the latest multi-trillion yen stimulus package. And you won’t hear any fawning over the supposedly heroic central bankers. No. What you’ll hear is a straightforward and common sense argument [...]

Interest rates are on hold for now but economists expect the next move to be up. Home buyers are turning to fixed-rate mortgages in response to the steady rise in interest rates last year and predictions that rates will go higher this year. Mortgage broker AFG publishes a monthly mortgage index, which shows that the [...]

Christmas cheer from borrowers as RBA says official interest rates will stay on hold after last month’s shock rise. The Reserve Bank has left interest rates unchanged, providing relief for borrowers and retailers in the crucial shopping weeks before Christmas. The central bank kept rates at 4.75 per cent – the level it raised them [...]