by Fi Dimos | Feb 3, 2021 | Bloom News, Interest Rates, Newsletter
Today the RBA met for the first time in 2021 and have decided to leave the cash rate unchanged at 0.10%. Our central bank will have been encouraged by recent better than expected unemployment and CPI numbers. It will also be keeping a close eye on rising house prices,...
by Fi Dimos | Dec 1, 2020 | Bloom News, Interest Rates, Newsletter
After a challenging year, the RBA has met for the final time in 2020 and decided to leave the cash rate unchanged. After reducing the rate three times during the year, including to a record low of .10% last month, the RBA opted to wait until its next meeting in...
by Fi Dimos | Nov 3, 2020 | Bloom News, Interest Rates
As the country tunes in for the 2020 Melbourne Cup, the cash rate decision for November has been announced and rates have been cut. In response to the economic impact being caused by the COVID-19 crisis, the RBA reduced the cash rate by 0.15% to a new record low of...
by Fi Dimos | Oct 31, 2020 | Bloom Finance, Bloom News, Government and Regulatory News, Interest Rates
Many authorised deposit-taking institutions (ADIs) have granted temporary relief to borrowers impacted by COVID-19, allowing them to defer loan repayments for a period of time. To provide greater transparency of loan repayment deferrals, APRA is publishing: the...
by Fi Dimos | Aug 4, 2020 | Bloom Finance, Bloom News, Interest Rates
As expected, the Reserve Bank of Australia kept the cash rate at 0.25 percent at its meeting today as the country countinues to deal with the COVID-19 pandemic. The RBA, conscious of reductions in consumer spending, further falls in house prices and the flow on...
by Fi Dimos | Jul 10, 2020 | Bloom Finance, Bloom News, Interest Rates
The RBA is mindful of rising concerns around unemployment post-JobKeeper, falls in housing and home loan approvals, decreasing property values and decreasing credit growth. The RBA maintains the stance that negative interest rates are not the best option for the...
