Yesterday, the Reserve Bank of australia (rba) cut the official interest rate by 0.25% to 3.0%. What does that mean for you and what will interest rates look like in the future? We asked Scott Matthews to shed some light on the topic. Scott is the.
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"Be careful of the temptation to borrow big – make sure you’re borrowing within your means," Arnold says. "Don’t let the bank decide how much you can borrow, that’s your own decision. "This is an opportunity to pay down your loans and RBA data shows that most people are doing this."
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The high degree of leverage can work against you as well as for you. At this month’s meeting, the Reserve Bank of Australia (RBA) held the cash rate at the record low of 1.50%. The Reserve Bank of Australia (RBA) today announced it would cut the cash rate to 1.25%.
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It means wife Alex, and children Amber and Evie enjoy things they might otherwise do without. "You can get the luxuries, a night out every now and again which we wouldn’t be able to afford if we.
· What today’s rate decision means for you. The cash rate may be anchored at 1.5% in a near-3-year holding pattern but there’s a twist. A growing number of lenders have recently dropped their fixed home loan rates – some by up to 0.19%. That means there are some outstanding home loan deals on offer right now.
Low inflation may be great for our back pockets, but it bothers the RBA, which is aiming for inflation of 2-3% to maintain economic growth. The bottom line is that a number of economists are predicting a future rate cut. What today’s rate decision means for you
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The decision is based on hundreds of factors ranging from inflation, consumer confidence, the Australian Dollar, international markets, and so on. The board of the RBA, the people that make these decisions, is a panel of monetary experts. They don’t have any formal political affiliations.
The plunder of black wealth in Chicago, captured in film The study, called "The Plunder of Black Wealth in Chicago: New Findings on the Lasting Toll of Predatory Housing Contracts," is the first report to put a dollar amount on the practice. During a time when blacks could not get mortgages because of redlining, buying homes on contract gave the illusion of a mortgage payment without any protection.
The Reserve Bank of Australia (RBA) today announced it would cut the cash rate to 1.25%. This is the first move the bank has made since it last cut the rate to 1.50% way back in August 2016.