The US Federal Government has announced it will wind-back its stimulus program, bringing optimism to the Australian housing market.
The RBA has kept the official cash rate on hold, but highlighted ongoing concerns surrounding the high Australian dollar.
The reserve bank is open to the possibility of further rate cuts in the New Year due to an “uncomfortably high” Australian dollar.
The RBA has just announced a cash rate reduction of 25 basis points
Brokers are bracing themselves for a busy afternoon should the RBA decide to cut the cash rate to 2.5% at today's meeting, as is heavily predicted
One of the big four says the possibility of an August rate cut is almost 'a sure thing' and that yet another could be on the cards before the year's end