Benton Asset Management

03/11/2020

The RBA has cut rates to a historic low of 0.1% in their October meeting.

06/10/2020

The RBA has kept rate at the historic low of 0.25% in their October meeting ahead of the Federal Budget on 6 October.

01/09/2020

RBA decided to keep rates at 0.25% in their September meeting; it will also increase its Term Funding Facility to provide banks with extra funding at a fixed cost of 0.25% for three years.

The Australian share market remains sharply lower, while shares in QBE have tumbled as its chief executive is shown the door following an investigation into workplace communications.

05/08/2020

Looks like interest rates will stay low for a quite a long period.

The central bank has chosen to maintain the status quo on the official interest rate.

07/07/2020

The RBA has kept rates unchanged at the historic low of 0.25% in their July meeting. Governor Philip Lowe also said “it is likely that fiscal and monetary support will be required for some time”.

At its meeting today, the Board decided to maintain the current policy settings, including the targets for the cash rate and the yield on 3-year Australian Government bonds of 25 basis points.

05/05/2020

The Reserve Bank of Australia kept interest rate on hold at the historic low of 0.25% today. It had previously confirmed that there is no plan to cut the rate further and the current rate would remain until progress is being made towards full employment and inflation within the 2-3% target band.

At its meeting today, the Board decided to maintain the current policy settings, including the targets for the cash rate and the yield on 3-year Australian Government bonds of 25 basis points.

03/12/2019

In a balancing act between economic growth and property prices, the Reserve Bank decided to keep rates on hold at 0.75%.

At its meeting today, the Board decided to leave the cash rate unchanged at 0.75 per cent.

03/09/2019

The RBA left rate on hold at 1% for the second consecutive month after two rate cuts in June and July. Market is expecting further cuts for 2019.

At its meeting today, the Board decided to leave the cash rate unchanged at 1.00 per cent.

06/08/2019

The RBA has left the rate unchanged at 1% after two consecutive months of rate cuts.

At its meeting today, the Board decided to leave the cash rate unchanged at 1.00 per cent.

02/07/2019

Following last month's rate cut, the RBA delivered another 0.25% drop in today's meeting pushing rate to a new historic low of 1%.

At its meeting today, the Board decided to lower the cash rate by 25 basis points to 1.00 per cent.

04/06/2019

The Reserve Bank cut rate to a new record low of 1.25% in the June Meeting. It is the first cut since September 2016.

Australia cut interest rates for the first time in almost three years to guard against a darkening global backdrop and attempt to drive increased hiring and faster inflation.

07/05/2019

The Reserve Bank of Australia has kept rates on hold in the May meeting.

Announcement that the Board decided to leave the cash rate unchanged at 1.50 per cent.