Understanding the RBA Cash Rate Its Impact on Australian Home Loans
Alexia Zhang2025-02-10T14:20:04+11:00Major Australian Bank Predicts Imminent Interest Rate Cut Your Content Goes Here The Reserve Bank of Australia (RBA) has maintained the cash rate at 4.35% since December 2024, marking the highest level in over a decade. The cash rate, defined by the RBA as the "overnight money market interest rate," represents the interest banks pay to borrow funds from each other overnight. This rate significantly influences various economic factors, including home loan interest rates. Impact on Home Loans Changes in the cash rate directly affect home loan interest rates. When the RBA adjusts the cash rate, lenders [...]