RI Newcastle & Lower Hunter’s Post

When will the RBA start cutting rates? Bank economists have called when they believe the central bank will begin its easing cycle. While the Reserve Bank of Australia (RBA) and its governor Michele Bullock remain apprehensive about indicating when potential rate movements will occur, bank economists have already priced in when they believe rate cuts could happen. There hasn’t been a general consensus on exactly when the RBA will commence its monetary policy easing cycle, ranging from around the beginning of the new financial year to well into 2025. #JSBFinancial #JSB #financeNSW #commercial #development #construction #privatelending #privatefunding #IHL #illawarrahomeloans #IllawarraHomeLoans #homeloans https://lnkd.in/gXWvUBUE?

Despite speculation that the Reserve Bank of Australia (RBA) might raise the official cash rate at its August meeting, ANZ has forecasted that rates will remain unchanged until February 2025, when it predicts a rate cut. The bank noted that while the Reserve Bank kept the cash rate on hold at 4.35% at its June meeting, the post-meeting statement was slightly more hawkish, with the RBA board stating that they are willing to “do what is necessary” to return inflation to target and will remain vigilant to upside risks in inflation. “Following the stronger than expected monthly inflation print for May, there has been some talk about the possibility of a hike at the RBA’s August meeting,” ANZ said in its report, authored by economists Sophia Angala, Madeline Dunk and Catherine Birch. You may read the whole article here: https://buff.ly/3xJq4tj Call us now for a 45-minute one-on-one free financial consultation session. 1300 074 675 or message us on WhatsApp +61 488 859 637 Have a successful day everyone! For more details and inquiries, follow us on social media: Facebook: Simply Wealth Instagram: @simply_wealth_group Website: simplywealthgroup.com.au Twitter: @SimplyWealthGrp LinkedIn: simply-wealth-group #propertyinvestmentcompanyaustralia#propertyinvestmentgroups #propertyinvestors #investinresidentialproperty #propertyinvestmenttraining #propertyinvestmenteducation #propertyinvestmentcourses #mortgagebrokersaustralia #commercialmortgagebrokers #residentialmortgagebroker #propertymanagementportfolio #portfolioofproperties #managestakeholders #residentialpropertyinvestments #propertyinvestmentadvisors #propertyadvisorymelbourne #specialistpropertymanagement #propertymanagementaustralia #smsfpropertyinvestment #selfmanagesuperfundproperty

The Reserve Bank of Australia (RBA) decided to maintain the official cash rate at 4.35% this month 🙏🏻 While the Board is once again refusing to rule anything in or out, Governor Bullock confirmed that a rate cut in the near future was highly unlikely based on current data 👨🏻💼 Looking ahead, the RBA indicated that its decisions will be data driven with a focus on achieving its inflation targets while supporting sustainable economic growth 💰 With mixed opinions from economists, school’s still out on whether we will see a cash rate, and subsequently interest rates, drop this year 😕 The big four banks have provided varying forecasts: 🏦 Commonwealth Bank - Sits alone with their prediction that the next cut could be as soon as November 2024 with the cash rate falling to 3.10% by December 2025 🏦 Westpac - Predicts the next cut in Feb 2025 with a forecasted cash rate of 3.35% by December 2025 🏦 National Australia Bank - Does not anticipate the first cut until May 2025 with the cash rate dropping to 3.10% by June 2026 🏦 ANZ - Is aligned with Westpac expecting a cut by February 2025 _____________________________________________________ *** Above information provided by Alpha1 Financial Solutions website ***

Cash rate remains unchanged Last week, the Reserve Bank of Australia (RBA) held the official interest rate at 4.35%. This marked the sixth consecutive meeting of the RBA board where the cash rate was unchanged. Speaking to the media after the decision, RBA governor Michele Bullock said the board had strongly considered a rates increase but opted for the hold after considering the effect this would have on jobs. She said that near-term cuts are unlikely, so borrowers and loan holders can expect to continue paying higher interest rates for a while. Inflation remains above the central bank’s target range of 2-3%, rising 3.9% in the June quarter. The RBA noted that underlying inflation has exceeded the target midpoint for 11 straight quarters, with minimal quarterly improvement. The unemployment rate remains low at 4.1%, and wage growth is high at 4%, slowing efforts to reduce inflation. The RBA forecasts that inflation will return to target levels by 2026. #accountant #smallbusiness #gibside_bk

Why the current rate conditions remain favourable for investing in bonds.  The Reserve Bank of Australia’s (RBA) latest decision to keep interest rates on hold at 4.35% affirmed the market’s view that, while higher rates are here to stay, they have likely reached the peak. With every RBA decision, our attention tends to focus on the impact on borrowers.

Members of the Reserve Bank of Australia board are gearing up for their June interest rate meeting (tomorrow), where economists widely anticipate no change. The two-day session commences on Monday, expected to culminate in a straightforward decision, likely keeping the RBA's rate steady at 4.35 per cent as it awaits more definitive signs on inflation. Despite a notable decline from its peak, inflation showed renewed acceleration in April, indicating that borrowers under strain may face a longer wait for any potential rate reductions. Meanwhile, the impact of elevated interest rates is evident in the economy's deceleration, as reflected in the slight 0.1 per cent increase in gross domestic product reported in the March quarter, alongside a gradual weakening of the labour market. All four major banks' economic teams anticipated the benchmark rate to remain at 4.35 per cent in June. They are projecting rate cuts by the end of the year for Commonwealth Bank, National Australia Bank, and Westpac. ANZ, on the other hand, is forecasting rate cuts to commence in February 2025.

🌟 New Update Alert! 🌟 The Reserve Bank of Australia has deferred formal discussions on rate hikes. As a lending manager at the Commonwealth Bank, keeping a pulse on market dynamics is crucial. Let's continue to monitor these developments and adapt our strategies for maximum impact. 📈💼💡 #FinancialInsights #RBAUpdate #Adaptability

The Reserve Bank of Australia (RBA) announced the cash rate will remain unchanged at 4.35% after its monetary policy meeting today. This marks a year since the last change, which was an increase of 0.25 percentage points in November 2023. The decision was in line with expectations, as it comes shortly after the Australian Bureau of Statistics released the latest inflation data, showing a 2.8% annual increase in the September 2024 quarter, down from a 3.8% increase in the June quarter. With inflation moving in the right direction, market commentators are increasingly forecasting interest rate cuts in early 2025. Read the full statement here: https://lnkd.in/grMzC8Ru Contact me if you'd like to discuss how the RBA's decision impacts your situation. 📞 0423 459 480 ✉️ [email protected] 🌐 goodwillfinance.com.au 🏠 https://bit.ly/3tSiEly #RBA #cashrate #monetarypolicy #interestrates #homeloans

As of October 2024, the Reserve Bank of Australia (RBA) is expected to maintain its current cash rate of 4.35%, with market participants and analysts assigning a high probability for rates to remain unchanged by year end. The decision to hold reflects ongoing inflation concerns, which remain above the target band of 2-3%, despite recent moderation. The RBA has indicated that it will most likely not cut rates until early 2025 unless economic conditions deteriorate significantly, such as through a rise in unemployment or unexpected financial shocks. Australia's interest rate path diverges somewhat from other global central banks, many of which are considering easing policies sooner or have already moved. However, the RBA is firmly sticking to its dual mandate to balance inflation and price stability whilst ensuring a strong labour market and avoiding any potential recession risks. This offers investors a favourable opportunity to capitalize on higher yields in the Australian corporate bond issuer market.

*Breaking News* The Reserve Bank of Australia have made no change to the official cash rate at their board meeting today. While it was widely expected that rates would remain on hold, the RBA have noted that the return to the target range has been a slow and bumpy road. The central forecasts are now showing a return to the target range in late 2025, and reaching the mid-point of the range in mid 2026. This is somewhat slower than initially predicted. The RBA look at both domestic and global markets and conditions when making their decisions around monetary policy. The will continue to monitor the situation, with a view to bringing inflation back within the target range in a timely and sustainable manner. #interestrates #mortgagebroker #finance #homeloans