The cash rate is unlikely to increase this year, but that doesn't mean your low home loan interest rate is guaranteed to stay put.
cash rate
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The property market is surging on the back of low interest rates, and the Reserve Bank says the cash rate will remain at its current low for at least three years.
The Reserve Bank has lowered the cash rate to 0.10% for the first time in history.
Prospective mortgage holders, those with variable loans or those looking to refinance have been denied further relief from the RBA.
Speculation is mounting as to whether the RBA will cut the cash rate but at a quarter of a per cent, how low can we go?
The Reserve Bank has kept rates on hold at the historic low of 0.25%, as expected. But this hasn't stopped leading economists talking up the possibility of negative interest rates over the coming year.
The Reserve Bank of Australia has struck a cautiously optimistic tone as it maintains the cash rate at the historic low of 0.25%.
There's no doubt that the recent market sell-off from the coronavirus will have an impact on real estate. The question is, how large and how long.
You've probably seen a lot of talk about the RBA, and other central banks around the world, undertaking quantitative easing in response to coronavirus. Unfortunately, the name does a poor job of explaining what it actually is.
The RBA has cut the cash rate by 25 basis points to an all-time low of 0.25%.
