Tag: Economy
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RBA June 2019 Cash Rate Decision
RBA June 2019 Cash Rate Decision RBA board has met on Tuesday the 4th of June 2019 and decided to cut the cash rate by 25 points to 1.25%. This represents the first cash rate cut since 3rd August 2016 (nearly 3 years). The federal election has been won and done and the RBA has…
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Mortgage Repayments – Impact of USD/AUD FX Movements On Loan Repayments April 2019
USD AUD FX April 2019 Here is a chart on the foreign exchange (FX) fluctuations in the USD AUD April 2019 on the value of the mortgage repayments, on an Australian mortgage as of the end of November 2018. For this example, assumed an Australian Mortgage of $400,000 (AUD). Amortized over 30 years, with a 4.50% interest…
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RBA May 2019 Cash Rate Decision
RBA May 2019 Cash Rate Decision RBA board has met on Tuesday the 7th of May 2019 and decided to leave the cash rate unchanged at 1.50%. The cash rate has now been unchanged for nearly three years. With an election around the corner, the mood from the RBA has been a wait and see…