Rick Maggi

2 June 2020

Event Driven Update, Interest Rates

Interest rates stay on hold...

Rick Maggi

2 June 2020

Event Driven Update, Interest Rates

Following two rate cuts in March, the RBA has kept rates at 0.25 of a percentage point for the third consecutive month, as it continues to support the economy weighed down by the coronavirus crisis…

Rick Maggi

5 May 2020

Event Driven Update, Interest Rates

Interest rates on hold...

Rick Maggi

5 May 2020

Event Driven Update, Interest Rates

The RBA held interest rates at 0.25 per cent today…

Rick Maggi

19 March 2020

Economics, Financial Advice, Financial Planning, Investing, Interest Rates

Emergency interest rate cut (and much more)...

Rick Maggi

19 March 2020

Economics, Financial Advice, Financial Planning, Investing, Interest Rates

Emergency interest rate cut (and much more)...

Today, the Reserve Bank of Australia unveiled a stimulus package of measures to “support jobs, incomes and businesses through this difficult period and they will also assist the Australian economy in the recovery.” Read on…

Rick Maggi

3 March 2020

Interest Rates

Markets rebound while RBA cuts rates...

Rick Maggi

3 March 2020

Interest Rates

Interest rates fall again…

Rick Maggi

4 February 2020

Event Driven Update, Interest Rates

Interest rates on hold (for now)...

Rick Maggi

4 February 2020

Event Driven Update, Interest Rates

The Reserve Bank of Australia has announced its first rate decision for the year 2020, announcing that it has held the official cash rate at 0.75 per cent…

Rick Maggi

3 December 2019

Interest Rates, Event Driven Update

Rates on hold

Rick Maggi

3 December 2019

Interest Rates, Event Driven Update

The Reserve Bank of Australia (RBA) has delivered its final cash rate announcement for the year with the decision to leave the rate unchanged at 0.75%.

Rick Maggi

1 October 2019

Interest Rates, Investing

Rates cut to a new low...

Rick Maggi

1 October 2019

Interest Rates, Investing

As widely expected, despite cutting cash rates to 1.25 per cent in June, and then again to 1.00 per cent in July, today the Reserve Bank of Australia (RBA) today announced its third rate cut for the year, slashing an already historically low interest rate to 0.75 per cent…

Rick Maggi

27 September 2019

Strategy, Superannuation, Retirement, Investing, Interest Rates, Event Driven Update, Educational

Investment returns slowing...

Rick Maggi

27 September 2019

Strategy, Superannuation, Retirement, Investing, Interest Rates, Event Driven Update, Educational

More restrained investment returns predicted. Find out why…

Rick Maggi

6 August 2019

Interest Rates, Westmount Financial

Interest rates on hold...

Rick Maggi

6 August 2019

Interest Rates, Westmount Financial

Following consecutive rate cuts in June and July, the RBA at its latest interest rate meeting has paused by keeping the official cash rate steady at 1.00%…

Rick Maggi

1 August 2019

Interest Rates

Alert: US Fed Reserve drops rates

Rick Maggi

1 August 2019

Interest Rates

As widely anticipated, the US Federal Reserve has cut its key Fed Funds cash rate by 0.25% to a range of 2-2.25%.

Rick Maggi

2 July 2019

Interest Rates

Interest Rates: Back-to-back cuts

Rick Maggi

2 July 2019

Interest Rates

The RBA has now delivered back-to-back rate cuts, taking the official rate down by 25 basis points to a new record low of 1.00 per cent. That followed June’s 25 basis point cut, the first movement in either direction in almost three years.

Rick Maggi

24 June 2019

Economics, Educational, Interest Rates, Wealth Accumulation, Superannuation, Strategy, Stats, Shares

Don't fight the Fed, ECB, RBA...

Rick Maggi

24 June 2019

Economics, Educational, Interest Rates, Wealth Accumulation, Superannuation, Strategy, Stats, Shares

The Federal Reserve (Fed) and the European Central Bank are now looking to reduce interest rates, and here in Australia, we’re possibly looking at another two cuts as the RBA attempts to shore up the local economy. So how should investors respond?

Rick Maggi

4 June 2019

Economics, Financial Planning, Interest Rates, Pensions, Superannuation, Westmount Financial

RBA moves to cut rates...

Rick Maggi

4 June 2019

Economics, Financial Planning, Interest Rates, Pensions, Superannuation, Westmount Financial

After 33 months, the RBA finally moved to cut rates today. As this was largely expectedly all eyes are now focused on the future…

Rick Maggi

2 April 2019

Interest Rates

Interest Rates remain on hold

Rick Maggi

2 April 2019

Interest Rates

As expected, the Reserve Bank of Australia (RBA) has left the cash rate at 1.5%….

Rick Maggi

5 February 2019

Interest Rates

Interest Rates On Hold

Rick Maggi

5 February 2019

Interest Rates

At its first meeting of 2019, the Reserve Bank Board kept official interest rates on hold at 1.5%, despite some commentators speculating that the RBA will cut interest rates this year…

Rick Maggi

6 November 2018

Interest Rates

Interest rates on hold (again)

Rick Maggi

6 November 2018

Interest Rates

The Reserve Bank of Australia (RBA) has decided to keep the cash rate at 1.5 per cent for the 25th consecutive month…

Rick Maggi

4 September 2018

Event Driven Update, Interest Rates, Retirement, Pensions, Superannuation, Wealth Accumulation

Rates remain on hold

Rick Maggi

4 September 2018

Event Driven Update, Interest Rates, Retirement, Pensions, Superannuation, Wealth Accumulation

The Reserve Bank of Australia has announced its monthly verdict on official interest rates, amid a backdrop of some banks raising mortgage rates independently…

Rick Maggi

7 August 2018

Event Driven Update, Interest Rates

Interest rates remain on hold

Rick Maggi

7 August 2018

Event Driven Update, Interest Rates

Interest rates have been kept on hold for another record breaking month…

Rick Maggi

3 July 2018

Interest Rates, Investing

23 Months Later, Rates Still on Hold...

Rick Maggi

3 July 2018

Interest Rates, Investing

July is the 23rd month that the Reserve Bank has kept interest rates on hold at 1.5%…

Rick Maggi

28 June 2018

Interest Rates

Should the RBA raise rates?

Rick Maggi

28 June 2018

Interest Rates

It’s nearly two years since the Reserve Bank of Australia last changed interest rates – when it cut rates to a record low of 1.5% in August 2016. So should they raise rates to prepare households for higher global rates?