MKS Lending Group Pty Ltd’s Post

📣RBA Cash Rate is UNCHANGED this month! At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent, consistent with their decision from previous months. In the recent media release, the Board said: "Inflation has fallen substantially since the peak in 2022, as higher interest rates have been working to bring aggregate demand and supply closer towards balance. But inflation is still some way above the midpoint of the 2–3 per cent target range." Talk to Teo today to find out what this means for you: ☎️0419 512 833☎️ 📧 Teo@mkslending.com.au 📧 #MKSLending #interestrates #interestrate2024 #RBA #inflation #rbacashrate #cashrate #unchangedcashrate #mortgagebroker #smallbusiness #smallbiz #mooneeponds

📣RBA Cash Rate is UNCHANGED this month! At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent, consistent with their decision from previous months. In the recent media release, the Board said: "Inflation in underlying terms remains too high, and the latest projections show that it will be some time yet before inflation is sustainably in the target range." Talk to Teo today to find out what this means for you: ☎️0419 512 833☎️ 📧 Teo@mkslending.com.au 📧 #MKSLending #interestrates #interestrate2024 #RBA #inflation #rbacashrate #cashrate #unchangedcashrate #mortgagebroker #smallbusiness #smallbiz #mooneeponds

📣RBA Cash Rate is UNCHANGED this month! At its meeting yesterday, the Board decided to leave the cash rate target unchanged at 4.35 per cent, consistent with their decision from previous months. In the recent media release, the Board said: "While headline inflation has declined substantially and will remain lower for a time, underlying inflation is more indicative of inflation momentum, and it remains too high." Talk to Teo today to find out what this means for you: ☎️0419 512 833☎️ 📧 Teo@mkslending.com.au 📧 #MKSLending #interestrates #interestrate2024 #RBA #inflation #rbacashrate #cashrate #unchangedcashrate #mortgagebroker #smallbusiness #smallbiz #mooneeponds

📣RBA Cash Rate is UNCHANGED today! At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent, consistent with the three previous announcements In the recent media release, it was stated: "Recent information indicates that inflation continues to moderate, but is declining more slowly than expected... The economic outlook remains uncertain and recent data have demonstrated that the process of returning inflation to target is unlikely to be smooth." Talk to Teo today to find out what this means for you: ☎️0419 512 833☎️ 📧 Teo@mkslending.com.au 📧 #interestrates #interestrate2024 #RBA #inflation #rbacashrate #cashrate #unchangedcashrate #MKSLending #mortgagebroker #smallbusiness #smallbiz #mooneeponds | RBA Cash Rate, Interest Rate Australia

BREAKING NEWS! The RBA board met today and have announced that the cash rate will remain unchanged at 4.35%. According to the RBA’s media release: - Inflation remains above target and is proving persistent - The outlook remains highly uncertain - Returning inflation to target is the priority More recent media commentary, as a result of updated forecasts from several banks, suggests that it is becoming less likely that we will see an interest rate cut this year, and more likely to be in 2025. https://buff.ly/3Xv0en8

The Reserve Bank held the Official Cash Rate today (OCR) at 5.50% to ensure that everything continues to move towards lower inflation levels that The Reserve Bank committee wish to target. This is the 6th consecutive hold Lacklustre growth at home and abroad and stubbornly high inflation were cited as the main reasons for keeping the official cash rate (OCR) at 5.5 per cent. Current consumer price inflation remains above the Committee’s 1 to 3 percent target range Today’s cash rate announcement comes two weeks ahead of the next major piece of inflation data, the consumer price index.

2024 September RBA Announcement No Change Official Cash Rate Remains 4.35% At its meeting today, the board decided to leave the cash rate target unchanged at 4.35% Inflation has fallen substantially since the peak in 2022, as higher interest rates have been working to bring aggregate demand and supply closer towards balance Inflation is still some way above the midpoint of the 2-3 per cent target range Inflation was 3.9? over the year to the June Quarter The current forecasts do not see inflation returning substantially to target until 2026 The latest data does not change the boards assessment at its latest meeting Returning inflation to target is still the priority From the above, It appears that a drop in interest rates may take longer than initially expected. What do you make of the latest announcement? #firstbrick #rba #rbaannouncement #interestrates

The RBA have today announced that they will HOLD the cash rate at 4.35% pa. In doing so, the cash rate has remained at the same level for 6 months since the last rate rise in Nov 2023. The RBA noted that inflation is declining more gradually than expected, with CPI growing by 3.6% over the year to March quarter, down from 4.1% over the year to December. #rba #reservebank #finance #interestrates

Inflation (CPI growth) seems stuck near 4%. Ought the RBA wait until it has confidence it will fall back between 2 and 3%? Ought it to pre-emptly increase 0.25 percentage points to push it down? Alternatively a smaller increase to make the overnight cash rate to 4.5% (from the current 4.35%)? https://lnkd.in/gb3ZA8Dx

Key Highlights of the Policy: - Repo Rate unchanged at 6.50% - CRR cut to 4.0% from 4.50%. Will increase primary liquidity by Rs 1.16 trillion in the banking sector. - MSF and bank rates unchanged at 6.75%. SDF rate unchanged at 6.25% - The MPC retains its stance to neutral from withdrawal of accommodation to ensure that inflation progressively aligns to the target, while supporting growth. - GDP projection for FY25 has been cut to 6.6% from 7.2%  - CPI inflation projection for FY25 raised to 4.8% from 4.5% earlier with Q3 at 5.8% and Q4 at 5.0%. Q1FY26 at 4.6% and Q2 at 4.0%. The risks are evenly balanced. #rbi #mpc #economy #market #finance