Looking Beyond The Rate Cut Hype…

Yesterday we got the first RBA rate cut in four years rate of a quarter-percentage point to 4.1% as inflation has eased from more than 6% to 3.2% underlying, but the bank also stressed it won’t ease as aggressively as the markets anticipate and also flagged significant but as yet unquantifiable geopolitical and policy uncertainties globally. The media seemed almost over jubilant at the cut, talking of massive relief for households with the much-recited data from Canstar showing that a million dollar mortgage would be $154 dollars a month cheaper in interest payments. Remember most Australian mortgages fluctuate with the […]