Author Archive for: Simon Wood
Entries by Simon Wood
Interest Rate Update – October 2016
No change The Reserve Bank of Australia (RBA) has just announced it will maintain the official cash rate at 1.50%. The price of oil rose to almost $US50 a barrel last week, following a decision by the Organisation of the Petroleum Countries (OPEC) to cut production for the first time in eight years. This, together […]
A Successful & Complex Refinance
Background First Point Group takes pride in being able to offer our clients solutions for all their finance needs, no matter how simple or complex. We love a good challenge and this article shows how we overcame exactly that for one of our many valued customers! Recently, First Point Group was faced with a complex […]
Interest Rate Update – August 2016
Cash Rate – Reduced to 1.5% The Reserve Bank of Australia (RBA) has just announced it will reduce the official cash rate to 1.5%. In a finely balanced decision the RBA would have been particularly influenced by the results of the June quarter inflation rising only 0.4% and hence only 1.0% over the twelve months […]
Interest Rate Update – July 2016
Cash Rate – No Change The Reserve Bank of Australia (RBA) has just announced it will maintain the official cash rate at 1.75%. Notwithstanding the uncertainty surrounding both the Australian election outcome and the aftermath of Brexit the RBA has a preference to await the results of the June quarter inflation figures (due later this […]
Interest Rate Update – June 2016
Cash Rate – No Change The Reserve Bank of Australia (RBA) has just announced it will maintain the official cash rate at 1.75%. This follows last week’s better than expected GDP figures which showed annualised economic growth at 3.1 per cent. It is interesting to note that business lending has been growing at a slightly […]
Interest Rate Update – May 2016
Cash Rate – Reduced to 0.25% The Reserve Bank of Australia (RBA) has just announced it will reduce the official cash rate to 1.75%. The weakness of the March quarter’s inflation figure (-0.2%) shocked many Economists. This was the first time the headline inflation rate has fallen since December 2008 and the resultant annual inflation […]
Interest Rate Update – April 2016
Cash Rate – No Change The Reserve Bank of Australia (RBA) has just announced it will maintain the official cash rate at 2.00%. Notwithstanding a strong Australian dollar the RBA remains comfortable with a contained inflation rate and a slowly improving labour market. Business credit has expanded (0.7% for the month of February) resulting in an […]
Interest Rate Update – March 2015
Cash Rate – No change The Reserve Bank of Australia (RBA) has announced it will maintain the official cash rate at 2.25%. Following last month’s RBA decision to reduce the cash rate by 0.25% for the first time since August 2013, the RBA decided to defer any action so as to better understand the effects […]
Interest Rate Update – March 2016
The Reserve Bank of Australia (RBA) has just announced it will maintain the official cash rate at 2.00%. It may be Super Tuesday in the United States but it is also a huge week for local financial data, including the GDP figures for our last quarter. The Bank will prefer to assess this information to see […]