The SA Reserve Bank's Monetary Policy Committee has reduced interest rates by 25 basis points, lowering the repo rate to 8% and the prime rate to 11.50%. This decision provides some financial relief for businesses and consumers, with home loan repayments on a R2-million bond dropping by almost R350. As inflation continues to cool, driven by declining fuel prices, more economic recovery is expected. At Pasisa, we monitor these shifts closely to provide our clients with strategic financial advice. Now, more than ever, understanding interest rates and their impact is essential for sound financial planning. #Pasisa #InterestRates #FinancialAdvice #SARB #EconomicRecovery
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Amid ongoing speculation about this year’s interest rate trajectory, the Reserve Bank of Australia has delivered its final cash rate call for FY24. Read more about RBA's decision to hold the cash rate in its June interest rate decision here: https://bit.ly/3zeQjb7 #finnimortgages #investmentloanspecialist #rba #rbacashrate #raterise #australianpropertyinvestors #reservebankofaustralia #australianpropertymarket
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RBA November Update 🚨 The Reserve Bank of Australia has confirmed the cash rate will remain on hold at 4.35% #RBAUpdate #ReserveBankAustralia #CashRate #AustralianEconomy #InterestRates #FinanceNews #EconomicUpdate #MarketTrends #FalangaandCo #SydneyAccountants
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In case you missed it: Bank of England reduces interest rates. On 1 August 2024, the Bank of England's Monetary Policy Committee (MPC) voted to reduce the Bank Rate by 0.25 percentage points to 5%. The MPC anticipates that inflation will rise slightly before normalising, emphasising the need for continued restrictive monetary policy to sustain economic stability. Treasurers should consider effective liquidity management strategies to ensure they have enough cash to meet their obligations whilst making best use of any excess cash. Want to know how technology can help? Book an appointment with us: https://hubs.la/Q02JSh9B0 Read the full article here: https://hubs.la/Q02JSjMz0 #BankofEngland #TreasuryandTrading #Siena #Eurobase #BOE #InterestRates #MPC #BankingNews
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In case you missed it: Bank of England reduces interest rates. On 1 August 2024, the Bank of England's Monetary Policy Committee (MPC) voted to reduce the Bank Rate by 0.25 percentage points to 5%. The MPC anticipates that inflation will rise slightly before normalising, emphasising the need for continued restrictive monetary policy to sustain economic stability. Treasurers should consider effective liquidity management strategies to ensure they have enough cash to meet their obligations whilst making best use of any excess cash. Want to know how technology can help? Book an appointment with us: https://hubs.la/Q02JSjLz0 Read the full article here: https://hubs.la/Q02JSj1J0 #BankofEngland #TreasuryandTrading #Siena #Eurobase #BOE #InterestRates #MPC #BankingNews
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Amid much speculation around interest rates in the remaining year’s interest trajectory, the Reserve Bank of Australia (RBA) has issued its latest cash rate call. Read more about this month's cash rate decision in our latest story: https://lnkd.in/gKCEp9uP #finnimortgages #investmentloanspecialist #rba #rbacashrate #raterise #australianpropertyinvestors #reservebankofaustralia #australianpropertymarket
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Reserve Bank Board Meeting for the Monetary Policy Decision is scheduled for the 17–18 June 2024. - - Effective date 8 May 2024 Cash rate target is at 4.35%. - - Do you think RBA will INCREASE the cash rate. - - - HOLD cash rate. - - DECREASE cash rate for June 2024 meeting? - - #mortgageaustralia #mortgagebrokeraustralia #localmortgagebrokermelbourne #lauramoyalocamortgagebroker #homeloansaustralia
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Reserve Bank of Australia is due to release their decision for the May 2024. - - As a guessing game - comment below what your prediction is for the cash rate for 7th May 2024. - - Reserve Bank HOLDS the cash rate. Reserve Bank INCREASES the cash rate. Reserve Bank DECREASES the cash rate. - - #mortgageaustralia #mortgagebrokeraustralia #localmortgagebrokermelbourne #lauramoyalocamortgagebroker #homeloansaustralia
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At its meeting yesterday, the Board decided to leave the cash rate target unchanged at 4.35%. Key take aways from the meeting: 1. Inflation remains above target and is proving persistent. 2. The outlook remains highly uncertain and recent data have demonstrated that the process of returning inflation to target is unlikely to be smooth. 3. Returning inflation to target within a reasonable timeframe remains the Board's highest priority.
The Reserve Bank of Australia (RBA) decided to keep interest rates at 4.35% during their June meeting. Australia’s big four banks have been forecasting that the rates will begin to be cut from November this year. Stay tuned for updates! #RBA #InterestRates #AustralianEconomy #FinancialPlanning
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The Reserve Bank of Australia (RBA) decided to keep interest rates at 4.35% during their June meeting. Australia’s big four banks have been forecasting that the rates will begin to be cut from November this year. Stay tuned for updates! #RBA #InterestRates #AustralianEconomy #FinancialPlanning
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For the first time since July 2020, the South African Reserve Bank lowered interest rates by 25 basis points, providing some relief to consumers. As of 19 September, the repo rate dropped to 8%, reducing the prime lending rate to 11.5%. While a 25-basis-point cut may seem small, Mashudu Lavhengwa, Junior Economist from Metropolitan explains that it can have a noticeable impact, particularly for those with significant debt. Read the full article here: https://lnkd.in/dwbK6AHf #theinsurancedirectory #insurancenews #interestrates #interest #industrynews #news #insurance #insuranceindursty
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