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title: "Breaking: RBA cuts interest rates"
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News for successful people

| View in browser Interest rates cut by 0.25pc   The Reserve Bank of Australia cut the official cash rate by 25 basis points this afternoon, saying inflation has fallen substantially from its peak in 2022 as higher rates have worked to take the steam out of the economy.   The central bank forecasts that inflation will be around 2.5 per cent into next year, and that gives it latitude to cut rates.    The RBA warned that the world economic outlook remains uncertain, citing the final scope of US tariffs and policy responses from other countries. This has contributed to a weaker economic outlook for Australia.   The bank says risks to inflation are now more balanced, giving little indication of whether there's another rate cut anytime soon.   It means mortgage rates will fall - one major bank dropped its standard variable rates within minutes of the announcement - as will deposit rates. Follow the podcast for more coverage 🎧  APPLE PODCASTS SPOTIFY What the rate cut means for your mortgage Loan amount Monthly saving Annual saving $600,000 $100 $1,200 $800,000 $128 $1,536 $1,000,000 $161 $1,932 $1,200,000 $193 $2,316 Source: Finder.com.au Forwarded from a friend? Sign up to our daily newsletter SIGN UP FEAR & GREED Pty Ltd, 14 Miramont Avenue, Riverview, NSW 2066, Australia Unsubscribe Manage preferences |
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