News
Rates change all the time. Keep up to date with the latest activity so you can manage your mortgage and pay-it-off faster.
Interest rate update: could 2024 be the year we see rate cuts?
The Reserve Bank reviewed the economy and monetary policy and decided things are not quite as worrying as they were thinking in November. With this, are interest rate cuts on the cards for this year?
Why there's no need to increase the official cash rate
One major bank’s forecasters have predicted that the Reserve Bank will raise their current 5.5% official cash rate to 6.0% in the very near future. But is this really likely to happen?
Reserve Bank still strongly opposed to big reductions in interest rates
The Reserve Bank still appears to remain staunchly opposed to any sizable reductions in mortgage interest rates. That said, it is still highly likely that the Reserve Bank will cut interest rates this year rather than the middle of 2025 as indicated..
Inflation still too high for monetary policy to ease
Even though the December inflation numbers came out lower than expected, at 4.7% it is still too far way from the 1% - 3% target range for the Reserve Bank to take any risk of being wrong and easing too early.
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