RBA holds again for full year: RBA December rate decision

RBA holds again for full year: RBA December rate decision
RBA holds again for full year: RBA December rate decision

The RBA cash rate decision came out at 2.30pm today - and rates were held again.

the banks of course continue to make their own moves, including cutting the rate for IO loans.

The central bank's last move saw it go to 1.5 percent at the August 2016 meeting, so rates have been held steady for 16 meetings.

It is not the longest run of steady rates as there were 16 meetings (inclusive) between their August 2013 meeting and December 2014 where they held at 2.5 percent. There was another run of 16 meetings between July 2002 and October 2003 where rates were held at 4.75 percent.

The RBA will next meet in February 2018.

Almost all economists predicted a hold at the last meeting of the year.

Most don't foresee any change throughout 2018.

ANZ Research has suggested rates wont hike until 2019.

RBA holds again for full year: RBA December rate decision

 

Tags: 
Rba Rate Decision Mortgages

Comments

Be the first one to comment on this article
What would you like to say about this project?