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Good news for those who are willing and able to borrow.Most Democrats fear Trump could reject election defeat, poll showsKerrod Holland to quit NRL after Bulldogs opt against tabling extensionAustralian media agree to joint trial for Pell sex abuse case reportingAlleged abuse victims of Malka Leifer 'hugely relieved' after winning right to be publicly namedKanye West: 'God' told me to interrupt Taylor SwiftPutting perfume on your neck, and 4 other things a skin expert wishes you would stop doing.AFL grand final to be played at the Gabba in Brisbane — here's what we know about buying ticketsLebanon PM designate bids to form crisis cabinet within two weeksHere’s what could trigger more stock market pullbacks this year, says Schwab trading proMike Pence says he 'doesn't recall' being on 'standby' for TrumpAFL Grand Final public holiday named 'Thank You Day'The Masked Singer Kitten Julia Morris was "gaslighting" OsherWednesday briefing: Exam warnings date back to JulyMESSI-WATCH LIVE: All the latest news from BarcelonaMany withdrawing super early underestimate impact on retirement balanceCrossbench outraged after Government and Labor support changing political donation lawsKanye West claims God told him to invade stage and confront Taylor SwiftThe Obamas' interior designer reveals their White House decor secretsHow have Dutch players fared at Manchester United over the years?UK will lead world on tackling famine and Covid with new department, says RaabWill trade for food: online bartering soars in virus-hit Philippines'Forward-looking NSW': Premier flags building projects and easing of event restrictionsFears for 'heart of Preston' in fast-tracked market reviewBosses and workers are divided on returning to offices, survey showsBen Hunt Addresses Bombshell Broncos Return Rumours On Eve Of 250thCoronavirus news - live: England under pressure as Greece added to Wales and Scotland quarantine and Glasgow goes under new lockdown measuresPandemic, Malay power lend popularity boost to Malaysia PM: pollCocaine and cash seized; three men arrested in western SydneyJohnny Depp files for defamation case delay to film 'Fantastic Beasts 3'How childcare instructor, 21, got rid of her bloating in FOUR DAYSMillions of pupils in England return to classrooms after historic schools closureCheng Lei’s detention is collateral damage. The RBA board decided to keep rates on hold at 1.5% for the 30th monthly meeting in a row. The facility was set up to give banks cheap excess to funds that can be loaned out to consumers and businesses.The RBA expects banks to increasingly use the funding facility, which should help alleviate margin pressure on the likes of The third point of interest is that the RBA has effectively given up on trying to get inflation to return to its target band of between 2% and 3% for the next few years.While the RBA believes that the worst of the COVID-19 fallout is behind us, the weak economic outlook will cap price rises for at least a couple of years – even in the bank’s bull case scenario.What this means is that the RBA won’t be looking to lift interest rates for a long while as it acknowledged that our economy will need support for years.Finally, the RBA is expecting the unemployment rate will peak at 10% in 2020 as output falls by 6% before growing by 5% in 2021.However, it will take a few years before the unemployment rate “gradually” falls to 7%. The Reserve Bank of Australia (RBA) interest rate decision was exactly inline with what the market was expecting, but this doesn’t mean it didn’t offer any surprises.Our central bankers kept interest rates steady at a This is exactly what economists were predicting as the RBA indicated before that the rates are effectively at rock bottom.Some traders had speculated that the RBA could go to zero or even turn to negative rates in the face of the latest stage four However, there are four interesting takeaways from RBA Governor Philip Lowe’s statement that accompanied the rate decision.The one that stands out to me is the RBA signalling it will be jumping back into the secondary bond market.The central bank hasn’t been intervening in the government bond market for a while, but it said it will do so tomorrow as the three-year sovereign bond yield is creeping above its 0.25% target rate.The RBA seldom telecasts its intentions so specifically and the move is likely aimed at getting the yield down without having to lift a finger.Low government bond yields will depress borrowing costs in Australia as all debt is benchmarked to government bonds.The second noteworthy takeaway is that authorised deposit-taking institutions (ADIs), namely the banks, have been increasingly tapping the RBA for cash.These ADIs have taken $29 billion from the RBA’s Term Funding Facility, up from $15 billion a month ago.
InfoChoice provides RBA interest rate updates & forecasts. It’s a pretty bleak outlook.We hear it over and over from investors, "I wish I had bought Altium or Afterpay when they were first recommended by The Motley Fool. The Reserve Bank of Australia has announced its first cash rate decision of the new year. Reserve Bank interest rates decision: The RBA meets Tuesday to decide whether to further reduce the cash rates Photograph: Lukas Coch/AAP Naaman Zhou Tue 2 Jul 2019 02.43 EDT Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article For a limited time, The Motley Fool Australia is giving away an urgent new investment report outlining our 5 favourite stocks for investors over 50. Financial Aggregates – June 2020. ANZ’s decision to not pass on today’s cut in full is a huge disappointment and now all eyes will on the remaining Big Banks to see if they can go one better.
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