What today’s RBA decision means for you

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Reserve Bank of australia; rba lowe: today’s Reduction in the Cash Rate. of this dinner to explain today’s decision on interest rates. As you would have heard already, earlier today the.

The Reserve Bank of Australia (RBA) is Australia's central bank and banknote issuing authority.. When the monetary authorities implemented the advice of Coombs to have a flexible interest rate, it allowed the bank to rely more on open market. members of the payment systems board are defined by Section 25A of the.

If you’re a saver. You’ll see less monthly interest coming through your bank account every month. The interest rate is determined by your bank, which is influenced by the Reserve Bank’s decision. If the RBA moves, the banks often follow suit. However, interest rates are already so low that you won’t notice a huge difference.

The Reserve Bank of Australia (RBA) today announced it would cut the cash rate to 1.25%. This is the first move the bank has made since it last cut the rate to 1.50% way back in August 2016.

What today’s rba decision means for you.. A Reserve Bank of Australia decision to cut interest rates could save families around the country hundreds of dollars a month.. That decision.

The RBA’s preferred measure of inflation, the trimmed-mean CPI, hasn’t been at the target level since early 2016. However, it spent all of last year within two decimals. That seemed to be comfortable enough for the bank before, and it’s only been two quarters that have shown a deviation from the target.

The RBA’s decision means that businesses with revenue over $25 million or with 50 or more employees (such as airlines and ticketing companies), will no longer be able to charge flat-rate. The legislation, known as Natasha’s Law’, means all food businesses will be. if it is made to order in front of you,

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