RBA keeps rates at 2.50%

At its meeting today, the RBA decided to leave the cash rate unchanged at 2.5 per cent.

The RBA noted the “below trend” growth for 2013, as have many small business owners I have been talking to over the past year.

They are hoping this low rate helps keep the growth prospects high. We are all looking forward to seeing that materialise.

I would welcome your comments below.

View the RBA release here.

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RBA keeps rates at 2.50%

At its meeting today, the RBA decided to leave the cash rate unchanged at 2.5 per cent.

I have been reading a lot around the world at the moment regarding housing policy and economic stimulus. With the mining boom/bust or just wind down still playing out, and China been reported in different ways by a multitude of economists, there is a lot of conjecture in the markets.

On top of that, the ASX Accumulation Index just reached an all time high, so somewhere there is enough positive vibe running to keep people buying shares. What most are asking is when will I see it in my bank account? When does this prosperity start flowing back into the small business and retail sectors and seeing the average person “feeling wealthier”?

View the RBA release here.

RBA lowers rates by 0.25% to 2.50%

At today’s meeting the Reserve Bank of Australia (RBA) reduced the cash rate by 0.25% to 2.00% pa.

This will not be a surprise to many (including the average economist) with the “odds” yesterday at over 94% that it would go down. Now I’m no Tom Waterhouse but that seems like a favourite to win. Again this will be good news for property investors and mortgaged home owners.

Things have been a little slow around our great land, and the RBA is keeping this in mind as it measures up the chance of further cuts this year. No doubt the election fever will overwhelm it in the coming months.

View the RBA release here.