Get notifications in real-time for staying up to date with content that matters to you.
The RBA reduced the cash rate by 25 basis points today to just 3 per cent – the lowest level in almost 50 years.
Though the central bank noted that there had already been significant monetary and fiscal policy stimulus, it judged that there was scope for a further “modest” adjustment in light of the continued global contraction.
“The stance of monetary policy, together with the substantial fiscal initiatives, will provide significant support to domestic demand over the period ahead.”
Who do you aggregate through?
Thank you for your vote, you can see the results here.
RBA maintains status quo amid calls to consider cuts
The central bank has held the cash rate at its effective lower bo...
CBA announces interest-only lifeline
The bank has become the second major lender to offer customers t...
Brokers cite refinancing as key profit driver
The vast majority of brokers believe that refinancing clients is ...
The number one magazine for mortgage brokers
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Receive breaking news direct to your inbox each day
