The Reserve Bank of Australia (RBA ... The RBA achieves this by setting the cash rate to meet a medium-term inflation target of between 2% and 3%, maintaining a strong financial system and ...
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CBA, Westpac, NAB and ANZ cut term deposit interest rates ahead of RBA call: ‘Double-edged sword’More than 20 banks have cut at least one term deposit rate over the last two weeks, Canstar research found, including the major banks. Westpac has cut its 11-month special rate by 0.05 per cent ...
Source: AAP CBA has cut several of its term deposit specials, with its 6-month, 10-month and 12-month specials cut by 0.10 per cent. The major bank’s highest available rate is now its 10-month at 4.50 ...
The Reserve Bank of Australia has only cut official interest rates once since May 2022, dropping the cash rate from 4.35 per cent to 4.1 per cent in February. At the time, RBA governor Michele ...
Australia’s Reserve Bank (RBA) has lowered its benchmark ... most aggressive monetary tightening cycles in recent history, with 12 rate hikes occurring under its tenure. The high cost of living ...
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