In a move that will likely come as a surprise to many the Reserve Bank of Australia has elected to cut the official cash interest rate following today’s board meeting
A survey from Finder.com.au shows that the vast majority of industry experts does not expect the RBA to lower its cash rate from 2%.
Record low rates of inflation may lead to the RBA decreasing its official cash rate at its upcoming board meeting.
Australia will have the second-highest rate of inflation in the world in the coming year, with the home loan industry playing its part in Australia's growth.
Major banks are likely to avoid pushing up rates until after the federal election, according to a new report.
Speaking in New York, Glenn Stevens says that record low interest rates could have increasingly dire consequences for savers.