A February interest rate cut is a real possibility, but there's at least one hurdle to clear
6 days, 6 hours ago

A February interest rate cut is a real possibility, but there's at least one hurdle to clear

ABC  

At 11:31am AEDT on Wednesday, the Australian dollar began falling against the greenback. Inflation drop raises rate cut odds Photo shows A coloured graphic showing a petrol pump, coins, keys and a bag of fresh groceries against a backdrop of receipts A fall in the Reserve Bank's preferred measure of inflation has increased the odds of an interest rate cut in February. ANZ Bank senior economist Catherine Birch says Wednesday's inflation numbers may give the Reserve Bank more confidence it can cut interest rates soon. This sort of economic environment, where it's harder to land a job and underlying inflation is consistently easing, may well present a green light for the Reserve Bank to cut interest rates. At this stage, economists say, the RBA's February interest rate meeting will be "live" — meaning there's a credible chance the decision will be made to cut interest rates for the first time since May 2022.

Household Inflation Labour Bank Interest Rates Cent Cut Interest Rate Australian Rba Photo Reserve Underlying Inflation Services Inflation Mortgage Borrowers Household Budgets  interest  rate  bank  hurdle  household  inflation  real  clear  cent  reserve  possibility  labour  cut  australian  theres

History of this topic

Delaying cuts will lead to more growth sacrifice; RBI must deliver 0.25 pc reduction in Feb review
23 hours, 3 minutes ago

Delaying cuts will lead to more growth sacrifice; RBI must deliver 0.25 pc reduction in Feb review

Live Mint  

Mumbai, Jan 14 The RBI must start a rate cut cycle with a 0.25 per cent reduction in key rates at the next policy review in February, a German brokerage said on Tuesday. Delaying rate cuts will only lead to more sacrifice on growth, analysts at Deutsche Bank said, adding that the RBI also risks falling behind the curve if …

Falling core inflation raises odds of RBA trimming interest rates in February
1 week ago

Falling core inflation raises odds of RBA trimming interest rates in February

ABC  

A fall in the Reserve Bank's preferred measure of consumer price rises has increased the odds of an interest rate cut in February, despite an increase in headline inflation. AMP's deputy chief economist Diana Mousina believes the RBA will probably cut interest rates if the annual core inflation rate in the December quarter numbers, due towards the end of this …

RBA Is More Confident on CPI, But Too Early to Declare Victory
3 weeks, 1 day ago

RBA Is More Confident on CPI, But Too Early to Declare Victory

Live Mint  

-- Australia’s central bank is more confident that inflation is moving sustainably toward target but it’s still too soon to conclude the battle is won given a recent pick-up in consumption and a still-tight labor market, minutes of the December meeting showed. The Reserve Bank’s board discussed scenarios in which future policy would be eased to boost economic growth or …

The Fed expects to cut rates more slowly in 2025. What that could mean for mortgages, debt and more
3 weeks, 3 days ago

The Fed expects to cut rates more slowly in 2025. What that could mean for mortgages, debt and more

LA Times  

Though the Fed doesn’t set mortgage rates, it does influence them. “Because the upcoming Trump administration’s policies might cause a resurgence in inflation or otherwise throw the economy off balance, the Fed might choose to take a wait-and-see approach and hold rates steady at their January meeting.” Depending on the specific proposals the Trump administration manages to enact, the Fed …

Analysis: What does the Bank of England’s interest rate decision mean for mortgages?
3 weeks, 5 days ago

Analysis: What does the Bank of England’s interest rate decision mean for mortgages?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Bank of England held …

The Fed is about to deliver the last rate cut for a while
Trending News
4 weeks ago

The Fed is about to deliver the last rate cut for a while

CNN  

Washington CNN — The Federal Reserve on Wednesday is expected to cut interest rates for the third time this year, in what could be the last rate cut for months. The Fed’s key interest rate influences borrowing costs across the economy and it’s used to achieve stable prices and maximum employment, two key goals mandated by Congress. With inflation nearly …

RBI May Begin Shallow Rate Cut Cycle From Feb Amid Global Turmoil
4 weeks, 2 days ago

RBI May Begin Shallow Rate Cut Cycle From Feb Amid Global Turmoil

Deccan Chronicle  

Mumbai: While calls for rate cuts are growing louder with inflation decelerating in November amid concerns over slowing economic growth, economists see a small window of conventional rate cuts next year as global dynamics turn more fluid. Most expect the central bank to begin a shallow rate-cut cycle in its February 2025 policy meeting with a 25 basis points rate …

RBA forecast scenarios include interest rate hikes
1 month ago

RBA forecast scenarios include interest rate hikes

ABC  

Samantha Donovan: To interest rates now, and while most analysts think another hike is highly unlikely, the Reserve Bank has indicated today nothing will be off the table next year when it comes to monetary policy. David Taylor: Betashare's chief economist, David Bassanese, says the Reserve Bank also has to factor in higher levels of government spending and how that's …

The RBA is preparing for all economic scenarios, including an interest rate hike
1 month ago

The RBA is preparing for all economic scenarios, including an interest rate hike

ABC  

The Reserve Bank may have dropped the phrase "not ruling anything in or out" in its interest rates commentary, but that does not mean an interest rate hike is completely out of the question. That is because, as Dr Hunter explained, it would mean the RBA's key policy goal of achieving its mid-point annual inflation target of 2.5 per cent …

Major blow for Aussies just before Christmas as Reserve Bank makes interest rate decision
1 month ago

Major blow for Aussies just before Christmas as Reserve Bank makes interest rate decision

Daily Mail  

Australian home borrowers have been dealt a severe blow just before Christmas with the Reserve Bank denying them a rate cut. Governor Michele Bullock gave a strong hint rate cuts could be months away with inflation still too high, ahead of an election next year. Australian home borrowers have been dealt a severe blow just before Christmas with the Reserve …

Reserve Bank keeps interest rates on hold in December but leaves door open to a February cut
1 month ago

Reserve Bank keeps interest rates on hold in December but leaves door open to a February cut

ABC  

The Reserve Bank has left interest rates on hold in December for a ninth-straight meeting, but opened the door to a rate cut as soon as February. This is a change in language from the board's November statement, which said it needed to "remain vigilant to upside risks to inflation" and was "not ruling anything in or out". "While the …

Pivot wait: RBI's monetary policy points to a rate cut in February
1 month, 1 week ago

Pivot wait: RBI's monetary policy points to a rate cut in February

Live Mint  

The speech made by Reserve Bank of India Governor Shaktikanta Das on Friday started by reminding the audience that the mandate of the Monetary Policy Committee is to target inflation and ensure that it remains within the specified limits. But it is not surprising that this time, two of the MPC members voted for a rate cut, which means that …

Lending rate: Most analysts still expect easing rate cycle to begin from February
1 month, 1 week ago

Lending rate: Most analysts still expect easing rate cycle to begin from February

New Indian Express  

MUMBAI: The dual action of the RBI keeping the policy rates unchanged for the 11th time and at the same time slashing the cash reserve ratio by 50 bps to 4 percent, offering a long rope to lenders to push credit at a comparatively cheaper rates, has left the analysts community divided on the immediate next repo rate cut. Stating …

December interest rate cut depends on inflation, Fed official says
1 month, 1 week ago

December interest rate cut depends on inflation, Fed official says

Salon  

A top Federal Reserve board member said Monday he’s likely to support an interest rate cut when the Fed meets in two weeks, as long as inflation isn't still persistent. Christopher Waller, a member of the Fed’s Board of Governors, said he was confident the rate of inflation would continue to decrease, according to The Associated Press — but that …

Fed’s Waller says inclined at this point to cut rates in December
Trending News
1 month, 1 week ago

Fed’s Waller says inclined at this point to cut rates in December

Live Mint  

By Howard Schneider WASHINGTON, Dec 2 - Federal Reserve Governor Christopher Waller said on Monday he was inclined to cut the benchmark interest rate at the Dec. 17-18 meeting as monetary policy remained restrictive enough to keep putting downward pressure on inflation, while the labor market was roughly in balance, something the Fed wants to maintain. "Policy is still restrictive …

Will RBI cut key interest rates on December 6? 3 things to know
1 month, 1 week ago

Will RBI cut key interest rates on December 6? 3 things to know

India Today  

As the Reserve Bank of India’s Monetary Policy Committee gears up for its December 6 meeting, market participants are weighing the likelihood of a key interest rate cut. Here are 3 things to know ahead of the upcoming RBI MPC meeting: GROWTH REMAINS UNDER PRESSURE India’s GDP growth dipped to 5.4% in Q2 FY25, a sharp decline attributed to weaker …

RBI Likely To Hold Interest Rates Amid Inflation Surge; Economists Push Rate Cut Forecast To February
1 month, 2 weeks ago

RBI Likely To Hold Interest Rates Amid Inflation Surge; Economists Push Rate Cut Forecast To February

ABP News  

The Reserve Bank of India is expected to maintain its key policy rate at 6.50 per cent during its upcoming December 4-6 meeting, according to a Reuters poll. A sharp rise in inflation, driven by soaring food prices, has led several economists to revise their forecasts for the first rate cut in the cycle from December to February. RBI Governor …

RBA unlikely to lower interest rates in 2024 despite inflation at its lowest level since July 2021
1 month, 2 weeks ago

RBA unlikely to lower interest rates in 2024 despite inflation at its lowest level since July 2021

ABC  

Australia's inflation rate remained steady in October, with analysts tipping this price data won't change the Reserve Bank's mind to hold interest rates at their highest level in about a decade until at least early 2025. The inflation rate held at 2.1 per cent annually, with the rising price of food, alcohol, cigarettes and recreational activities keeping it up, while …

It’s Reasonable to Consider Rate Cut Next Month, Fed’s Kashkari Says
1 month, 2 weeks ago

It’s Reasonable to Consider Rate Cut Next Month, Fed’s Kashkari Says

Live Mint  

-- Federal Reserve Bank of Minneapolis President Neel Kashkari said it is still appropriate to consider another interest-rate cut at the central bank’s December meeting. “It’s still a reasonable consideration,” Kashkari said Monday on Bloomberg Television in response to a question about whether policymakers should reduce borrowing costs by a quarter point at their last meeting of the year. “Right …

Millions hit with mortgage blow as rise in inflation crushes hopes of interest rate cut
1 month, 3 weeks ago

Millions hit with mortgage blow as rise in inflation crushes hopes of interest rate cut

Daily Mail  

Interest rate cut hopes were crushed yesterday after a bigger-than-expected rise in inflation to a six-month high - in a blow to millions of borrowers. Higher inflation will add to the Bank of England's reluctance to cut its benchmark interest rate, currently at 4.75 per cent. Latest economists' forecasts Rachel Reeves's Budget has also dented rate cut hopes - as …

RBA says February rate cut not guaranteed even if inflation figures rosy
1 month, 3 weeks ago

RBA says February rate cut not guaranteed even if inflation figures rosy

ABC  

The Reserve Bank could hold off on a February rate cut even if underlying inflation is lower than it expects, a move that would reverberate among mortgaged households and could undermine the federal government's electoral fortunes. But the minutes suggest a rate cut is not assured even if December inflation is low using the Reserve Bank's favoured "underlying" measure, which …

The interest rate cut is good news for mortgage payers – they need more
2 months, 1 week ago

The interest rate cut is good news for mortgage payers – they need more

The Independent  

After a turbulent few weeks, the Bank of England delivered a soothing balm to Britain’s hard-pressed borrowers with a quarter-point cut in interest rates. The Budget also pushed the City’s interest rate swaps market higher – and it is this rather than base rates that governs the price of most popular types of mortgage: two or five year fixes. “Borrowers …

Bank of England cuts interest rate to 4.75% as UK inflation drops, but economic uncertainty looms
Top News
2 months, 1 week ago

Bank of England cuts interest rate to 4.75% as UK inflation drops, but economic uncertainty looms

Firstpost  

From the start of the year to September, UK inflation stood at 1.7 per cent, its lowest level since April 2021 and below the central bank’s target rate of 2 per cent The Bank of England cut its main interest rate by a quarter of a percentage point on Thursday after inflation across the UK fell below its target rate …

Bank of England cuts UK interest rates again despite modest budget-related inflation spike
2 months, 1 week ago

Bank of England cuts UK interest rates again despite modest budget-related inflation spike

Associated Press  

LONDON — The Bank of England cut its main interest rate by a quarter of a percentage point to 4.75% on Thursday after inflation across the U.K. fell significantly, relieving some pressure on borrowers who have faced elevated mortgage and loan costs. Though inflation has fallen below the bank’s target of 2%, Governor Andrew Bailey cautioned that interest rates would …

US Fed interest policy expected today, Trump victory unlikely to change rate cut plans
2 months, 1 week ago

US Fed interest policy expected today, Trump victory unlikely to change rate cut plans

Firstpost  

There is a wide expectation that the Federal Reserve will cut interest rates by a quarter point on Thursday, looking beyond the 2024 US Presidential election results to continue easing borrowing costs on the back of cooling inflation The US Federal Reserve is widely expected to cut interest rates by a quarter point Thursday, looking beyond the election results to …

Bank of England poised to cut UK interest rates for second time this year
Top News
2 months, 1 week ago

Bank of England poised to cut UK interest rates for second time this year

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy UK borrowing costs are set …

Sharply rising bond rates could stem Wall Street's 'relief rally' and push interest rate cuts further into the future
2 months, 1 week ago

Sharply rising bond rates could stem Wall Street's 'relief rally' and push interest rate cuts further into the future

ABC  

The apparent roar of approval was almost deafening. It's a world that, down the track, promises a return of inflation and permanently higher interest rates as America shifts to a more protectionist global stance that punishes China and, by extension, hurts Australia. Since mid-September, US money markets almost inexplicably have begun forecasting a rise in interest rates. The bond is …

Bank of England poised to cut UK interest rates for second time this year
2 months, 1 week ago

Bank of England poised to cut UK interest rates for second time this year

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy UK borrowing costs are set …

Interest rates might fall in February … but don't bet the house on it
2 months, 1 week ago

Interest rates might fall in February … but don't bet the house on it

ABC  

It's the hope that kills you. Rate cuts may not come until autumn, if they come at all Now even a February rate cut is looking unlikely, according to the money markets, which are pricing just 20 per cent chance of a cut, despite all four big banks and many other local economists forecasting it. Markets are pricing in a …

Something to cheer us all with rates set be slashed on both sides of the Atlantic: ALEX BRUMMER
2 months, 1 week ago

Something to cheer us all with rates set be slashed on both sides of the Atlantic: ALEX BRUMMER

Daily Mail  

Coming hot on the heels of two momentous events – and I don’t mean Halloween and Guy Fawkes – scant attention is being paid to interest rates. Both the Bank of England and the US Federal Reserve are odds on to cut official interest rates. Prediction: Both the Bank of England and the US Federal Reserve are odds on to …

Review finds 'no evidence' gunshots were deliberately edited into commando footage — as it happened
Trending News
2 months, 1 week ago

Review finds 'no evidence' gunshots were deliberately edited into commando footage — as it happened

ABC  

Treasurer Jim Chalmers answers a questions on the RBA interest rates. Member for Macquarie, Susan Templeman, asks: "What does the decision taken today by the Reserve Bank mean for Australians and what progress is being made in the fight against inflation and how does this compare to other approaches?" "Secondly, it reflects the progress that we are making together in …

Reserve Bank keeps interest rates at 4.35pc for eighth-straight meeting despite lower inflation
2 months, 1 week ago

Reserve Bank keeps interest rates at 4.35pc for eighth-straight meeting despite lower inflation

ABC  

The Reserve Bank of Australia has kept interest rates on hold at 4.35 per cent for its eighth-straight meeting, despite inflation falling to its lowest level in almost four years. In a statement, the RBA said while inflation has "fallen substantially" since it peaked in 2022, underlying inflation remained too high at 3.5 per cent in the September quarter. The …

ASX has lowest close since mid-September; household spending weaker than expected — as it happened
2 months, 2 weeks ago

ASX has lowest close since mid-September; household spending weaker than expected — as it happened

ABC  

The Reserve Bank's new, less frequent meeting schedule hasn't done away with the Melbourne Cup day board meeting — we'll get the latest interest rate decision this coming Tuesday, half an hour before the race that stops the nation at Flemington. After this week's inflation figures showed price pressures easing off, but the RBA's preferred measure of underlying inflation — …

When will we get an interest rate cut? It's largely up to you
2 months, 2 weeks ago

When will we get an interest rate cut? It's largely up to you

ABC  

If you needed an excuse to be a bit of a tight-arse this Christmas, quote the latest inflation figures to your disgruntled family and friends. At 2.8 per cent, the annual headline inflation number plunged back within the RBA's 2-3 per cent target range for the first time in three years. At 4.6 per cent over the past year, the …

The cheapest home loan interest rate in Australia as banks slash rates
3 months, 1 week ago

The cheapest home loan interest rate in Australia as banks slash rates

Daily Mail  

Australian borrowers tempted by lower fixed rate mortgages should not jump in too soon, amid predictions of even better deals on offer in 2025. Macquarie Bank on Thursday slashed its two and three-year fixed rates by 20 basis points to 5.39 per cent - now Australia's lowest mortgage rate outside of a green loan. But their lowest fixed rates are …

Inflation in Europe falls below 2% and opens the way for faster rate cuts
3 months, 1 week ago

Inflation in Europe falls below 2% and opens the way for faster rate cuts

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

When will interest rates go down? Here's what you need to know ahead of today's RBA meeting
3 months, 3 weeks ago

When will interest rates go down? Here's what you need to know ahead of today's RBA meeting

ABC  

The Reserve Bank of Australia board will announce its September cash rate decision on Tuesday at 2:30pm AEST. But when the RBA changes the cash rate target, interest rates for mortgages don't automatically change — the banks decide that. Ms Mousina says economic data since the RBA's last meeting shows: wages growth slowing job growth remaining solid the unemployment rate …

Bank says interest rates could be cut ‘gradually’ after holding at 5%
3 months, 3 weeks ago

Bank says interest rates could be cut ‘gradually’ after holding at 5%

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Bank of England has …

Rate cut could lift consumer spirits before U.S. elections
3 months, 3 weeks ago

Rate cut could lift consumer spirits before U.S. elections

Raw Story  

Analysts expect any economic impact of the first rate cut for four years to be modest, and some see it as having only a marginal impact on voting. In a close election like 2024, "rate cuts at the margin help Vice President Harris," Oxford Economics senior economist Nancy Vanden Houten told AFP. "The economy is not going to go in …

How the US Federal Reserve rate cut could impact the race for the White House between Harris and Trump
3 months, 3 weeks ago

How the US Federal Reserve rate cut could impact the race for the White House between Harris and Trump

ABC  

The US Federal Reserve has cut rates in a dramatic move that will have a major impact on the American economy and could help determine who occupies the White House for the next four years. By cutting rates by half a per cent, the Fed has signalled it thinks the battle against the high inflation that has plagued the US …

Bank of England poised to hold interest rates at 5%, economists say
3 months, 3 weeks ago

Bank of England poised to hold interest rates at 5%, economists say

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Bank of England is …

US Federal Reserve is set to cut rates today; key question is, by how much?
3 months, 3 weeks ago

US Federal Reserve is set to cut rates today; key question is, by how much?

Hindustan Times  

Having all but tamed inflation, the Federal Reserve is poised to do something Wednesday it hasn’t done in more than four years: Cut its benchmark interest rate, a step that should lead to lower borrowing costs for consumers and businesses just weeks before the presidential election. Exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, …

Why is the US cutting interest rates? What does it mean for Australia?
3 months, 4 weeks ago

Why is the US cutting interest rates? What does it mean for Australia?

ABC  

The US Federal Reserve has cut interest rates overnight in an important move for the global economy. Economists predicted the Fed would want to start cutting rates before inflation hits 2 per cent because there's a long lag time between interest rate movements and their effect on the economy. It means the Reserve Bank's cash rate target, which sits at …

The Federal Reserve starts cutting interest rates in a big moment for the economy
3 months, 4 weeks ago

The Federal Reserve starts cutting interest rates in a big moment for the economy

NPR  

The Federal Reserve starts cutting interest rates in a big moment for the economy toggle caption Win McNamee/Getty Images North America The Federal Reserve moved aggressively Wednesday to start cutting interest rates as its single-minded focus on fighting inflation gives way to a growing interest in protecting the job market. On average, members of the Fed's rate-setting committee expect borrowing …

Why the Reserve Bank will be forced to cut rates before year's end
4 months ago

Why the Reserve Bank will be forced to cut rates before year's end

ABC  

Until just a few weeks ago, it seemed as though the developed world had pulled off what once was thought to be the impossible. And yet, despite this mounting evidence of a critical economic slump, there remains a rump of high-profile economists openly criticising the Reserve Bank of Australia's reluctance to push interest rates above 5 per cent. Parliament House …

The US is about to start cutting interest rates, so expect Australia to follow
4 months, 2 weeks ago

The US is about to start cutting interest rates, so expect Australia to follow

ABC  

Just three weeks ago, Reserve Bank Governor Michele Bullock declared interest rate cuts unlikely in the next six months. But if there was any doubt about what's going to happen to global interest rates, the US Federal Reserve chair Jerome Powell removed it on Saturday. Rate cuts by the US Fed and other central banks will create a near-irresistible pressure …

Why Reserve Bank of Australia boss Michele Bullock is refusing to consider cutting rates soon - even though mortgage holders in New Zealand, Canada, UK and EU have already had some relief
4 months, 4 weeks ago

Why Reserve Bank of Australia boss Michele Bullock is refusing to consider cutting rates soon - even though mortgage holders in New Zealand, Canada, UK and EU have already had some relief

Daily Mail  

The woman who decides the fate of millions of mortgage holders has declared a rate cut won't be happening anytime soon - despite what other countries have done this year. Reserve Bank Governor Michele Bullock told a parliamentary hearing on Friday that Australia would not be copying the approach of other central banks that have cut rates this year, with …

The RBA says don't expect interest rate cuts for six months. Here's why it could be sooner
5 months, 1 week ago

The RBA says don't expect interest rate cuts for six months. Here's why it could be sooner

ABC  

Days ago, at the start of last week, there was talk of a Reserve Bank rate hike. So despite what the Reserve Bank governor said on Tuesday, here's why so many people expect interest rates will have to come down — possibly sooner than predicted. It was 3.6 per cent by March, then 3.8 per cent in June, and will …

RBA Governor delivers another blow to Aussies with a mortgage - and why you shouldn't expect rate cuts anytime soon
5 months, 1 week ago

RBA Governor delivers another blow to Aussies with a mortgage - and why you shouldn't expect rate cuts anytime soon

Daily Mail  

Australia's most powerful banker has aggressively scotched expectations of rate cuts by Christmas - despite global concerns about an American recession and weak local economic activity. In the media conference afterwards, Governor Michele Bullock stressed a rate cut wasn't happening soon - despite the Reserve Bank statement emphasing the risk of an economic slowdown and weaker gross domestic product 'Given …

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