RBA’s record interest rate cuts have buyers buzzing in Townsville

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RBA’s record interest rate cuts have buyers buzzing in Townsville THE Reserve Bank of Australia’s highly anticipated announcement of a historic rate cut has the Townsville property market buzzing, with first home buyers gearing up to pounce, and investors expected to get back into the local market.

Retail banks pass on RBA’s rates cut.. Within minutes of the Reserve Bank’s decision to cut interest rates to 7 per cent, Australia’s major banks scrambled to be the first to pass it on to.

Interest Rate Decisions – 2019. The Reserve Bank sets the target ‘cash rate’, which is the market interest rate on overnight funds. It uses this as the instrument for monetary policy, and influences the cash rate through its financial market operations.

And in that kind of environment, marginal cuts in interest rates are likely to have very little impact on spending. But Wall Street continues to punch through new records. bond markets are bid so.

RBA’s record interest rate cuts have buyers buzzing in Townsville THE Reserve Bank of Australia’s highly anticpated announcement of a historic rate cut has the Townsville property market buzzing, with first home buyers. been something we’ve been wanting to do for.

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THE Reserve Bank of Australia’s highly anticipated announcement of a historic rate cut has the Townsville property market buzzing, with first home buyers gearing up to pounce, and investors expected to get back into the local market. The post RBA’s record interest rate cuts have buyers buzzing in Townsville appeared first on realestate.com.au.