{"id":959,"date":"2018-08-07T14:05:00","date_gmt":"2018-08-07T14:05:00","guid":{"rendered":"http:\/\/propertyandlivestock.com.au\/?p=959"},"modified":"2020-05-11T17:14:41","modified_gmt":"2020-05-11T17:14:41","slug":"rba-reveals-august-cash-rate","status":"publish","type":"post","link":"https:\/\/propertyandlivestock.com.au\/en_au\/rba-reveals-august-cash-rate\/","title":{"rendered":"RBA Reveals August Cash Rate"},"content":{"rendered":"\n<p>The Reserve Bank of Australia has today announced the official cash rate for August following its monthly board meeting.<\/p>\n\n\n\n<p>The RBA has held the cash rate at a record low of 1.5 per cent, a move predicted by most industry pundits amid mixed economic conditions.<\/p>\n\n\n\n<p>Economist at AMP Capital Shane Oliver observed: \u201cGrowth has picked up a bit and the RBA is optimistic, but inflation and wages remain too low, property prices are falling in Sydney and Melbourne, the housing construction cycle has peaked and uncertainty remains around the outlook for consumer spending. So, it\u2019s way too early to hike, but it\u2019s hard to mount a case for a cut either right now. So, best to remain on hold.\u201d<\/p>\n\n\n\n<p>CoreLogic\u2019s head of research, Tim Lawless, commented: \u201cWhile the cash rate has remained stable, mortgage rates have been tweaked, the extent to which depends on the borrower type and loan&nbsp;product. Over the same period of cash rate stability, the average standard variable mortgage rate&nbsp;has actually reduced by 5 basis points for owner-occupiers and increased by 30 basis points for&nbsp;investors. Three-year fixed rates for investors have increased by 10 basis points and discounted&nbsp;variable rates are up by 40 basis points for investment loans.<\/p>\n\n\n\n<p>\u201cAdditional mortgage rate premiums are payable for borrowers who aren\u2019t paying down their principal. Clearly, the stability in the cash rate hides a deepening complexity in mortgage products brought about by the heightened level of regulation and focus from both lenders and policymakers&nbsp;on improving credit quality.\u201d<\/p>\n\n\n","protected":false},"excerpt":{"rendered":"<p>The Reserve Bank of Australia has today announced the official cash rate for August following its monthly board meeting. The RBA has held the cash rate at a record low of 1.5 per cent, a move predicted by most industry pundits amid mixed economic conditions. Economist at AMP Capital Shane Oliver observed: \u201cGrowth has picked&hellip;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","two_page_speed":[],"footnotes":""},"categories":[1],"tags":[],"class_list":["post-959","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>RBA Reveals August Cash Rate - David Carter Property and Livestock<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertyandlivestock.com.au\/en_au\/rba-reveals-august-cash-rate\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RBA Reveals August Cash Rate - David Carter Property and Livestock\" \/>\n<meta property=\"og:description\" content=\"The Reserve Bank of Australia has today announced the official cash rate for August following its monthly board meeting. The RBA has held the cash rate at a record low of 1.5 per cent, a move predicted by most industry pundits amid mixed economic conditions. 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It marks the longest ever run of interest rate stability in Australia, with the last movement (a\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":869,"url":"https:\/\/propertyandlivestock.com.au\/en_au\/rba-rate-cuts-are-not-off-the-table-and-qe-is-a-policy-option-in-australia\/","url_meta":{"origin":959,"position":1},"title":"RBA: Rate Cuts Are Not Off The Table, and \u2018QE Is a Policy Option in Australia\u2019","author":"David Carter Property and Livestock","date":"December 7, 2018","format":false,"excerpt":"The RBA has been saying all year that the next move in official interest rates is likely to be up.The central bank\u2019s deputy governor used a speech in Sydney to clarify that the bank will still cut rates if required \u2014 and that it is also prepared to use quantitative\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":945,"url":"https:\/\/propertyandlivestock.com.au\/en_au\/reserve-bank-of-australia-to-keep-rates-on-hold-until-2021-westpacs-bill-evans\/","url_meta":{"origin":959,"position":2},"title":"Reserve Bank of Australia to keep rates on hold until 2021: Westpac\u2019s Bill Evans","author":"David Carter Property and Livestock","date":"August 21, 2018","format":false,"excerpt":"Westpac\u2019s chief economist Bill Evans has made the counter-consensus call that the Reserve Bank of Australia will keep interest rates on hold until 2021, casting doubt over its forecasts, and acknowledging that financial conditions are tightening in the absence of rate hikes. \u201cSome may argue that we are unrealistically forecasting\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":973,"url":"https:\/\/propertyandlivestock.com.au\/en_au\/heres-what-economists-are-saying-about-australias-inflation-report-july-2018\/","url_meta":{"origin":959,"position":3},"title":"Here\u2019s what economists are saying about Australia\u2019s inflation report July 2018","author":"David Carter Property and Livestock","date":"July 26, 2018","format":false,"excerpt":"Australia\u2019s June quarter consumer price inflation (CPI) report came in slightly weaker-than-expected.Financial market movements indicate there\u2019s now less chance of a RBA rate hike arriving in the foreseeable future.Economists have expressed a similar view, although they don\u2019t believe it has any near-term implications for monetary policy settings. Shane Oliver, AMP\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":914,"url":"https:\/\/propertyandlivestock.com.au\/en_au\/bank-rate-rises-to-trigger-bidding-war-over-property-borrowers\/","url_meta":{"origin":959,"position":4},"title":"Bank Rate Rises to Trigger Bidding War Over Property Borrowers","author":"David Carter Property and Livestock","date":"September 18, 2018","format":false,"excerpt":"Lenders are expected to start poaching rivals\u2019 customers and aggressively target best new borrowers in response to higher standard variable rates being rolled out by three major banks from next week, according to bankers and analysts.\u00a0\u00a0\u201cA huge disparity is emerging between rates for new and existing customers, which \u00a0gives more\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":657,"url":"https:\/\/propertyandlivestock.com.au\/en_au\/1-2-billion-drawdown-shows-farm-management-deposits-fmd-scheme-is-working\/","url_meta":{"origin":959,"position":5},"title":"$1.2 billion Drawdown Shows Farm Management Deposits (FMD) Scheme Is Working","author":"David Carter Property and Livestock","date":"May 7, 2019","format":false,"excerpt":"HAVING peaked at $6.6 billion in June 2018, the national balance held in Farm Management Deposits (FMDs) has fallen by over $1.2 billion to a balance of $5.37 billion at the end of the March 2019 quarter, in a pattern that shows the FMD scheme is working as intended. National\u2026","rel":"","context":"In &quot;Agribusiness Advice&quot;","block_context":{"text":"Agribusiness Advice","link":"https:\/\/propertyandlivestock.com.au\/en_au\/category\/agribusiness-advice\/"},"img":{"alt_text":"David Carter Property and Livestock","src":"https:\/\/i0.wp.com\/propertyandlivestock.com.au\/wp-content\/uploads\/2020\/05\/NAB-FMD-chart-May-2019.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/propertyandlivestock.com.au\/wp-content\/uploads\/2020\/05\/NAB-FMD-chart-May-2019.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/propertyandlivestock.com.au\/wp-content\/uploads\/2020\/05\/NAB-FMD-chart-May-2019.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/propertyandlivestock.com.au\/wp-content\/uploads\/2020\/05\/NAB-FMD-chart-May-2019.png?resize=700%2C400&ssl=1 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/propertyandlivestock.com.au\/en_au\/wp-json\/wp\/v2\/posts\/959"}],"collection":[{"href":"https:\/\/propertyandlivestock.com.au\/en_au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/propertyandlivestock.com.au\/en_au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/propertyandlivestock.com.au\/en_au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/propertyandlivestock.com.au\/en_au\/wp-json\/wp\/v2\/comments?post=959"}],"version-history":[{"count":0,"href":"https:\/\/propertyandlivestock.com.au\/en_au\/wp-json\/wp\/v2\/posts\/959\/revisions"}],"wp:attachment":[{"href":"https:\/\/propertyandlivestock.com.au\/en_au\/wp-json\/wp\/v2\/media?parent=959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/propertyandlivestock.com.au\/en_au\/wp-json\/wp\/v2\/categories?post=959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/propertyandlivestock.com.au\/en_au\/wp-json\/wp\/v2\/tags?post=959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}