The annual rate of inflation has ticked up slightly in april to 3.6 per cent, from 3.5 per cent in march, but economists say it's enough to put even more pressure on the reserve bank. Inflation continues to moderate but remains high.
Oecd’s projected cash rate compared with that of g7 economies. Interest rate in australia averaged 3.86 percent from 1990 until 2024, reaching an all time high of 17.50 percent in january of 1990 and a record low of 0.10 percent in november of 2020.
Decisions Regarding Monetary Policy Are Made By The Reserve Bank Board And Explained In A Media Release Announcing The Decision At 2.30 Pm After Each Board Meeting.
Compare the savings accounts with the highest interest rates, both for savers looking for a high ongoing interest rate and people looking for bonus interest.
Inflation Continued To Ease In The December Quarter.
High interest savings account rates.
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At Its Meeting Today, The Board Decided To Leave The Cash Rate Target Unchanged At 4.35 Per Cent And The Interest Rate Paid On Exchange Settlement Balances Unchanged At 4.25 Per Cent.
The reserve bank sets the target ‘cash rate’, which is the market interest rate on overnight funds.
Discover How Robust Economic Performance In The Us And Persistent Inflation Are Reshaping Monetary Policy Forecasts.
The annual rate of inflation has ticked up slightly in april to 3.6 per cent, from 3.5 per cent in march, but economists say it’s enough to put even more pressure on the reserve bank.
