Good news millions of Aussies with a mortgage have been waiting to hear for years
2 months, 2 weeks ago

Good news millions of Aussies with a mortgage have been waiting to hear for years

Daily Mail  

Economic analysts and bank bosses have forecast an interest rate cut in the next three months, in welcome news for those struggling with mortgage repayments. Westpac chief economist Luci Ellis told Daily Mail Australia on Tuesday that the Reserve Bank could cut rates soon. Economic analysts and bank bosses have revealed an interest rate cut is on the horizon in welcome news for Aussies struggling with a mortgage The cash rate is currently at a 12-year high of 4.35 per cent. Westpac chief economist Luci Ellis told Daily Mail Australia on Tuesday the bank expected rates to fall over the next 12 months 'The big thing for us is employment and the strong employment market conditions throughout Australia and the minimal amount of unemployment.

Bank Cent Rba Irvine Cut Rate Mr Irvine  hear  cuts  interest  cut  rate  aussies  millions  rba  mortgage  rates  bank  good  irvine  mr  cent  waiting

History of this topic

Has Australia's economy turned the corner? Angus Taylor has a warning
2 weeks, 3 days ago

Has Australia's economy turned the corner? Angus Taylor has a warning

ABC  

Economists say Australia has turned a corner. Last week, he said labour productivity was still "disastrous" in Australia and the purchasing power of our wages had deteriorated "disastrously" since Labor won the election in 2022. By the time the 2022 election was held, the "real" value of our wages had already deteriorated so much that our wages were buying less …

Interest rate cuts might not be 'rapid' due to 'sticky' inflation, Bank of England chiefs warn as they highlight 'substantial' risks from Trump's trade war
2 weeks, 6 days ago

Interest rate cuts might not be 'rapid' due to 'sticky' inflation, Bank of England chiefs warn as they highlight 'substantial' risks from Trump's trade war

Daily Mail  

Bank of England chiefs today warned of a dual threat from sticky inflation and Donald Trump's trade war. Giving evidence to MPs, the Bank's chief economist Huw Pill warned interest rates might not fall as fast as hopes because there is still 'more work to do' to tackle price pressures. Meanwhile, Governor Andrew Bailey told the Treasury Select Committee there …

UK inflation and interest rates 2025 predictions: What it means for your money
1 month ago

UK inflation and interest rates 2025 predictions: What it means for your money

The Independent  

Hopes of interest rates coming down quickly this year appear to be fading amid rising taxes and economic uncertainty in the UK. Inflation may no longer be at double digits and the cost of living measure even managed to hit the 2 per cent target last year, which prompted interest rate cuts in August and November. He said: “The Bank …

Why are the banks waiting to pass on the Reserve Bank's rate cut?
1 month ago

Why are the banks waiting to pass on the Reserve Bank's rate cut?

ABC  

Within minutes of the Reserve Bank of Australia announcing it would cut interest rates on Tuesday, the major banks were quick to share they were following suit. "Over the past few years, the big banks have maintained a relatively consistent time frame for passing on RBA cash rate hikes to its variable mortgage customers," she said. "It may well be …

UK inflation spikes to a 10-month high, likely to worry the Bank of England
1 month ago

UK inflation spikes to a 10-month high, likely to worry the Bank of England

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 Inflation in the U.K. rose …

UK inflation spikes to a 10-month high, likely to worry the Bank of England
1 month ago

UK inflation spikes to a 10-month high, likely to worry the Bank of England

Associated Press  

LONDON — Inflation in the U.K. rose to a 10-month high in January, official figures showed Wednesday, an increase that will likely diminish expectations of rapid interest rate reductions from the Bank of England. The spike, which took inflation further above the bank’s target of 2%, was largely due to increases in airfares, food casts and private school fees in …

Why the Reserve Bank poured cold water on future interest-rate-cut expectations
1 month, 1 week ago

Why the Reserve Bank poured cold water on future interest-rate-cut expectations

ABC  

It didn't take long for the spectre of Oliver Twist to appear. No sooner had Reserve Bank governor Michele Bullock taken the lectern to confirm the news most Australians wanted to hear, that interest rates would be cut for the first time in more than four years, than the obvious question hung in the air. Relief for borrowers as RBA …

RBA delivers first rate cut since 2020
1 month, 1 week ago

RBA delivers first rate cut since 2020

ABC  

Samantha Donovan: Hello, welcome to PM. So what we've seen is those really sticky items in the inflation baskets, I think insurance premiums, out-of-pocket health care costs, the cost of building a new dwelling or rental prices, those price increases have been such that the Reserve Bank has been worried that if it doesn't keep interest rate policy restrictive, and …

Australian shares marginally extend losses after RBA cuts rate as expected
1 month, 1 week ago

Australian shares marginally extend losses after RBA cuts rate as expected

Live Mint  

By Adwitiya Srivastava Feb 18 - Australian shares slightly deepened losses after the local central bank delivered its highly anticipated interest rate cut for the first time in over four years on Tuesday, driven by a sell-off in heavyweight financials. The RBA cut rates by 25 basis points to 4.10%, easing its monetary policy for the first time since November …

Australian central bank cuts benchmark interest rate for the first time since October 2020
1 month, 1 week ago

Australian central bank cuts benchmark interest rate for the first time since October 2020

Associated Press  

MELBOURNE, Australia — Australia’s central bank on Tuesday reduced its benchmark interest rate for the first time since October 2020 as the nation’s inflation cools. “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,” the board said in a statement. “Some other central banks …

Borrowers on edge ahead of RBA decision
1 month, 1 week ago

Borrowers on edge ahead of RBA decision

ABC  

Andy Park: Hello, welcome to The World Today. If by its very nature, the Reserve Bank cutting interest rates stimulates demand and increases inflation, if underlying inflation still isn't within the Reserve Bank's band of between 2% and 3%, won't an interest rate cut have policy makers put up the white flag on inflation? Jane Bardon: The independent Yolngu MP …

How banks are responding to Reserve Bank decision to cut interest rates
1 month, 1 week ago

How banks are responding to Reserve Bank decision to cut interest rates

ABC  

Australia's major banks have already announced rate cuts following the Reserve Bank of Australia's decision to cut interest rates for the first time in four years. NAB announced it would cut home loan interest rates by 0.25 per cent, with Personal Bank group executive Ana Marinkovic saying they were "very pleased" with the decision. Variable home loan interest rates will …

How many more interest rate cuts is the RBA likely to make?
1 month, 1 week ago

How many more interest rate cuts is the RBA likely to make?

ABC  

The Reserve Bank has finally delivered the rate cut many highly indebted mortgage borrowers have been crying out for. The bank's educated guesses of the neutral cash rate range from as low as around 1.5 per cent to nearly 4 per cent depending on which economic model and set of assumptions it uses. It could be that today's cash rate …

Reserve Bank cuts interest rates for the first time since November 2020
1 month, 1 week ago

Reserve Bank cuts interest rates for the first time since November 2020

ABC  

The Reserve Bank of Australia has cut interest rates for the first time since November 2020. RBA governor Michele Bullock noted that the rise in interest rates from the "emergency lows" of the pandemic had meant households with home loans were hurting, but argued high inflation caused more pain. At the post-meeting press conference, Ms Bullock said she couldn't confirm …

Why the Reserve Bank has little option but to cut interest rates
1 month, 1 week ago

Why the Reserve Bank has little option but to cut interest rates

ABC  

After more than six months of conjecture and on-again off-again signals, interest rates are about to start a descent. In the December quarter, core inflation came in at just 0.5 per cent which, if you annualise it, comes in at just 2 per cent, smack bang at the bottom of the RBA's target range. Core inflation has dropped rapidly, more …

When will interest rates go down? Banks are preparing for the RBA's cash rate decision
1 month, 1 week ago

When will interest rates go down? Banks are preparing for the RBA's cash rate decision

ABC  

The Reserve Bank of Australia is meeting and banks are forecasting an imminent cash rate cut. The cash rate target is set by the RBA and influences how much commercial banks charge customers for borrowing money — it's currently at 4.35 per cent. All of the big four banks — ANZ, Commonwealth Bank, NAB and Westpac — reckon the RBA …

CBA boss Matt Comyn 'acutely aware' customers expect interest rate cuts to be passed on in full
1 month, 1 week ago

CBA boss Matt Comyn 'acutely aware' customers expect interest rate cuts to be passed on in full

ABC  

There's a lot of coded language in business and finance. Like, when you ask the head of Australia's biggest home lender about whether the Commonwealth Bank will fully pass on a rate cut the Reserve Bank is widely expected to make next Tuesday. Loading When you crunch the numbers, it seems that well over 2 per cent of CBA's mortgage …

Will interest rates keep falling and can the UK dodge recession? This is Money podcast
1 month, 2 weeks ago

Will interest rates keep falling and can the UK dodge recession? This is Money podcast

Daily Mail  

The Bank of England has delivered another rate cut but big questions remain over what happens next? Forecasters had largely agreed that this year would see another two base rate cuts, but the Bank delivered a pair of verdicts that could push ratesetters down a different path. On this podcast episode, Georgie Frost, Simon Lambert and Helen Crane discuss the …

RBI's rate cut sets stage for further easing of interest rates in near term: India Inc
1 month, 2 weeks ago

RBI's rate cut sets stage for further easing of interest rates in near term: India Inc

The Hindu  

India Inc. welcomed the Reserve Bank of India’s move to slash the benchmark interest rate for the first time in nearly five years on Friday and asserted that it will complement the consumption-boosting measures announced in the last week’s Budget, providing much-needed support to the economy. Industry bodies were of the view that the Reserve Bank's 25 basis points rate …

Bank of England policymakers
Trending News
1 month, 2 weeks ago

Bank of England policymakers

Live Mint  

LONDON, Feb 6 - The Bank of England cut interest rates on Thursday as it halved its growth outlook for this year and said a jump in inflation will prove temporary. Here's what Bank of England officials said in a press conference following that decision: BANK OF ENGLAND GOVERNOR ANDREW BAILEY On Inflation and future rate moves: "We expect to …

Interest rates fall to 4.5 per cent – will your mortgage get cheaper?
1 month, 2 weeks ago

Interest rates fall to 4.5 per cent – will your mortgage get cheaper?

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. It is …

After disappointing GDP numbers, BoE slashes Britain's interest rates, cuts economic growth forecast
Trending News
1 month, 2 weeks ago

After disappointing GDP numbers, BoE slashes Britain's interest rates, cuts economic growth forecast

Firstpost  

The Bank of England brought down its benchmark interest rate by 25 basis points to 4.5 per cent. Following the announcement of the interest rate cut, BoE also said that it was halving its UK growth estimate for 2025 to 0.75 per cent A man walks up the stairs in from of the Bank of England in London. Britain’s inflation …

Interest rates: What does a 0.25% cut mean for your mortgage, savings and bills?
Trending News
1 month, 2 weeks ago

Interest rates: What does a 0.25% cut mean for your mortgage, savings and bills?

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. UK economic …

Bank of England expected to cut key UK interest rate to 4.50%
1 month, 2 weeks ago

Bank of England expected to cut key UK interest rate to 4.50%

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 …

Bank of England expected to resume interest rate cuts
Trending News
1 month, 2 weeks ago

Bank of England expected to resume interest 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 Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Senior economists at the Bank of England will announce …

When does the RBA meet, what's expected to happen to interest rates and how much could you save?
1 month, 3 weeks ago

When does the RBA meet, what's expected to happen to interest rates and how much could you save?

ABC  

There could soon be relief for households with a mortgage, with economists predicting an interest rate cut when the Reserve Bank board meets in February. The board's decision to cut, increase or keep the official cash rate unchanged will be announced shortly after the meeting concludes at 2:30pm AEDT on February 18. Loan size Repayments decrease $600,000 -$92 $750,000 -$115 …

UK interest rate cut a ‘sure bet’ amid faltering economic growth, say experts
1 month, 3 weeks ago

UK interest rate cut a ‘sure bet’ amid faltering economic growth, say experts

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. Senior economists at the Bank of England will meet …

Warning is issued as major change to millions of bank accounts takes effect today
1 month, 3 weeks ago

Warning is issued as major change to millions of bank accounts takes effect today

Daily Mail  

Customers have been warned of a major change affecting millions of bank accounts which takes effect today. Nationwide, the country's largest building society, has announced it is cutting interest rates on almost 90 savings accounts from Saturday. Holders of a total of 89 variable-rate easy and instant access savings accounts will see their interest rates drop by between 0.1 per …

Big central banks start 2025 heading in different directions
1 month, 3 weeks ago

Big central banks start 2025 heading in different directions

Live Mint  

* Euro zone, Canada, Sweden cut rates in Jan * Fed holds steady, says no rush for more easing * Australia, Norway move closer to first cut * Japan hikes, with likely more to come By Alun John LONDON, Jan 30 - The first central bank meetings of 2025 suggest it will be a year in which policymakers go their …

ECB to look past Trump risk and push on with rate cuts
1 month, 3 weeks ago

ECB to look past Trump risk and push on with rate cuts

Raw Story  

by Sam Reeves Despite U.S. President Donald Trump's saber-rattling, the European Central Bank is set to press on with interest rate cuts Thursday as officials increasingly voice confidence that the fight against inflation is on track. "We are confident of seeing inflation at target in the course" of this year, President Christine Lagarde said in an interview with US broadcaster …

Jim Chalmers gloats the worst of the cost-of-living crisis is over... but these bleak figures reveal why millions of Aussies are still not celebrating
1 month, 3 weeks ago

Jim Chalmers gloats the worst of the cost-of-living crisis is over... but these bleak figures reveal why millions of Aussies are still not celebrating

Daily Mail  

Treasurer Jim Chalmers says the worst of the inflation crisis is over, despite new evidence showing one in two Australians are cutting back on groceries. Among this group of unprepared borrowers, almost half or 48 per cent of them had cut back on spending for essential items, like groceries and power bills despite the federal government's $300 electricity rebates. Treasurer …

The ball is in the RBA's court on interest rates — and Anthony Albanese's waiting game goes on
1 month, 3 weeks ago

The ball is in the RBA's court on interest rates — and Anthony Albanese's waiting game goes on

ABC  

It's the start of the election year Anthony Albanese and Jim Chalmers were banking on and the reason why talk of an early poll either late last year or at the very start of this year was always misguided. The prime minister and treasurer were both confident the rate of inflation would keep tracking down over summer, easing Labor's greatest …

Has the RBA got any choice but to cut interest rates in February?
1 month, 3 weeks ago

Has the RBA got any choice but to cut interest rates in February?

ABC  

There's something called a "momentum trade" on financial markets. Two of the big four banks had already tipped a February rate cut ahead of Wednesday's numbers, but Westpac has now joined them and NAB is reviewing its position. If the RBA chooses not to take its foot off the brake by keeping rates steady at 4.35 per cent on February …

Rate cut chances increase after inflation slows in final quarter of 2024
1 month, 3 weeks ago

Rate cut chances increase after inflation slows in final quarter of 2024

ABC  

The odds of an interest rate cut next month have increased, with official figures showing the Reserve Bank of Australia's preferred measure of inflation fell to 3.2 per cent over the year to December. The more volatile headline inflation figure came in at 0.2 per cent for the December quarter and 2.4 per cent for the year, down from a …

December inflation figures set to make or break February rate cut, with government watching on
1 month, 3 weeks ago

December inflation figures set to make or break February rate cut, with government watching on

ABC  

The new inflation figures published on Wednesday may be decisive for the Reserve Bank as it weighs a February interest rate cut. Good news expected on inflation The Reserve Bank's preferred "underlying" measure of inflation was 3.5 per cent in the September quarter, and it forecasts a slight decline to 3.4 per cent in December. Taylor Nugent, a senior economist …

Will there be a February rate cut? Macro-economics says unemployment is key
1 month, 3 weeks ago

Will there be a February rate cut? Macro-economics says unemployment is key

ABC  

At 11:30am on Wednesday this week, the December quarter inflation rate will be announced by the ABS, with the nation's economists, bankers and mortgagees clustered, agog, around their screens. In the past 50 years, the RBA has only ever cut interest rates twice while unemployment declined — during the Asian crisis and US tech boom in the late 1990s, which …

Market continues to bet on February interest rate cut despite December jobs surge
2 months, 1 week ago

Market continues to bet on February interest rate cut despite December jobs surge

ABC  

Australia's unemployment rate has risen to 4 per cent, but only because more people are looking for work. Loading Although some economists say the combination of a strong jobs market with falling wages growth should cause the Reserve Bank to question its assumption about the level of "full employment" that is compatible with containing inflation in its 2-3 per cent …

Federal Reserve officials at December meeting expected slower pace of rate cuts ahead
2 months, 2 weeks ago

Federal Reserve officials at December meeting expected slower pace of rate cuts ahead

The Hindu  

Federal Reserve officials at their meeting Dec. 17-18 expected to dial back the pace of interest rate cuts this year in the face of persistently elevated inflation and the threat of widespread tariffs and other potential policy changes. The minutes also showed that “almost all” Fed policymakers see a greater risk than before that inflation could stay higher than they …

A February interest rate cut is a real possibility, but there's at least one hurdle to clear
2 months, 2 weeks 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 …

US Fed officials expected slower rate cuts in 2025, say December minutes
2 months, 2 weeks ago

US Fed officials expected slower rate cuts in 2025, say December minutes

Al Jazeera  

Minutes of the December meeting show a division on decision to cut rates and the 0.25 percent cut was a ‘close call’. Trump tariffs The minutes also showed that “almost all” Fed policymakers see a greater risk than before that inflation could stay higher than they expect, in part because inflation has lingered in several recent readings and because of …

When will interest rates go down in Australia? Here's what we know
2 months, 2 weeks ago

When will interest rates go down in Australia? Here's what we know

ABC  

Will this be the year mortgage borrowers finally get some interest rate relief? After that, the meetings are currently scheduled for the following dates, although the RBA has indicated some of those meeting dates may change: March 31-April 1 May 19-20 July 7-8 August 11-12 September 29-30 November 3-4 December 8-9 It's the second year of the board's reduced meeting …

RBA chief's major hint that there could soon be some VERY good news ahead for home-owners
3 months ago

RBA chief's major hint that there could soon be some VERY good news ahead for home-owners

Daily Mail  

The Reserve Bank has given a strong hint borrowers are getting some interest rate cuts in 2025 even though inflation is still too high. The Reserve Bank has given a strong hint interest rate cuts are coming even though inflation is still too high While headline inflation is at a three-year low of 2.8 per cent, the RBA regarded this …

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

Fed lowers rates but sees fewer cuts ahead
Top News
3 months ago

Fed lowers rates but sees fewer cuts ahead

China Daily  

US Federal Reserve Chair Jerome Powell departs after speaking at a press conference where he announced the Fed had cut interest rates by a quarter point following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, US, December 18, 2024. WASHINGTON — The US Federal Reserve on Wednesday slashed interest rates by 25 basis …

Fed lowers rates but sees fewer cuts ahead
3 months ago

Fed lowers rates but sees fewer cuts ahead

China Daily  

US Federal Reserve Chair Jerome Powell departs after speaking at a press conference where he announced the Fed had cut interest rates by a quarter point following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, US, December 18, 2024. WASHINGTON — The US Federal Reserve on Wednesday slashed interest rates by 25 basis …

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

Bank of England holds interest rates at 4.75% but says UK economy stagnating
3 months ago

Bank of England holds interest rates at 4.75% but says UK economy stagnating

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 interest rates have been …

UK interest rate cut 'unlikely in short term'
3 months, 1 week ago

UK interest rate cut 'unlikely in short term'

China Daily  

A view of the Bank of England and the financial district, in London, Britain, September 23, 2024. Interest rates in the United Kingdom may come down more slowly than expected next year after the latest inflation figures were released, showing that the rate went up for the second month in a row in November, at the fastest pace since March. …

NZ recession and Federal Reserve rate cut sink Aussie dollar but show the RBA dodged a bullet
3 months, 1 week ago

NZ recession and Federal Reserve rate cut sink Aussie dollar but show the RBA dodged a bullet

ABC  

If you're looking for a last-minute overseas summer getaway, New Zealand is looking increasingly attractive. On the monetary policy front, the Reserve Bank of New Zealand started lifting its cash rate from COVID-19 lows of 0.25 per cent in October 2021 — a full seven months before Australia's Reserve Bank. Why a Fed rate cut sent the US dollar soaring …

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