US Edition
Major Bank Calls Out RBA over Rate Cut
- 88 percent of experts believe the Reserve Bank of Australia will lower the cash rate to 3.60 percent in July, according to Finder's July RBA Cash Rate Survey.
- Graham Cooke, Head of Consumer Research at Finder, stated that another rate cut would provide a confidence boost for homeowners, who are eagerly awaiting more support amidst ongoing cost of living pressures.
- Experts forecast that 76 percent expect another rate cut in August, with 52 percent forecasting one in November, as inflation decreases and economic uncertainty heightens.
- Matthew Peter from QIC insists that a July cut is certain, citing falling inflation and disappointing consumer spending as driving factors.
11 Articles
11 Articles
The Canberra Times
"A July cut is in the bag." Experts unanimous in rate cut predictions
Financial reprieve is on the horizon for Aussie homeowners
Experts say July cash rate cut 'in the bag'
A July mortgage rate cut is "in the bag," according to financial comparison experts.Nearly 88 per cent (30 out of 34) of experts and economists who took the Finder's RBA Cash Rate survey said they believe the Reserve Bank will cut the cash rates in July, bringing it down to 3.60 per cent.If the banks pass the rate cut, it would save Aussies with a $500k mortgage around $1613 per year.READ MORE: 'Bomb cyclone' system moves away from east coast …
Here's what Westpac says the RBA will do with interest rates next week
Next week will be another big one for homeowners with the Reserve Bank of Australia (RBA) set to hold its latest cash rate meeting. With inflation under control, there is speculation that the central bank will take interest rates lower to 3.6% from 3.85%. But is that likely? Let's see what economists at Westpac Banking Corp (ASX: WBC) are saying about next week's meeting. Westpac on interest rates The good news for borrowers is that Westpac thin…
ANZ Expects July Rate Cut by RBA
ANZ’s head of Australian economics, Adam Boyton, has announced that his team now anticipates the Reserve Bank of Australia (RBA) will cut the cash rate by 25 basis points at its upcoming board meeting next week. This revision comes as economists reassess key economic indicators and global uncertainties. Boyton highlighted several factors influencing the revised forecast, including a concerning six-month trend of weak retail sales and a stalled r…
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