Agave Group’s Post

Bank has cut interest rate to 4.75%. Many were concerned that we might see a slower cut in #interest rates after the Chancellor announced changes in government criteria for borrowing for investments during the last #budget There are also concerns about the underlying inflation over the coming months. A surprise move maybe but none the less a welcome move for many including #landlords and #growth.

Interest rates are "now gradually on the path down", the Bank of England governor has said after borrowing costs were held at 5%. Andrew Bailey said inflation had "come down a long way" but warned the Bank would need to see more evidence that it will remain low before cutting rates further. Is this welcome news for your business? #ReedBusinessSupport #Inflation #Business #Economy #InterestRates

Wether or not Reserve Bank drops rates in May or June. Banks will reduce their fixed interest loans and Variable will slowly slide to a Lower figure probably 5.95% or 5.75% variable by August, September 2024. Australia is not an island we’re we can control global pricing so inflation will fall more rapidly and Australia will follow suit in regard to wholesale inflation and Global Interest Rates will find a their own way downwards. The RBA will avoid a hard landing and follow the US Federal Reserve Bank downwards. It’s a long process but positive.

Interest rates are "now gradually on the path down", the Bank of England governor has said after borrowing costs were held at 5%. Andrew Bailey said inflation had "come down a long way" but warned the Bank would need to see more evidence that it will remain low before cutting rates further. https://bit.ly/4exEX1h Is this welcome news for your business? #ReedFinance #ReedAccountancy #Inflation #Business #Economy #InterestRates

Interest rates are "now gradually on the path down", the Bank of England governor has said after borrowing costs were held at 5%. Andrew Bailey said inflation had "come down a long way" but warned the Bank would need to see more evidence that it will remain low before cutting rates further. https://bit.ly/4exEX1h Is this welcome news for your business? #Reed #Inflation #Business #Economy #InterestRates

Interest rates are "now gradually on the path down", the Bank of England governor has said after borrowing costs were held at 5%. Andrew Bailey said inflation had "come down a long way" but warned the Bank would need to see more evidence that it will remain low before cutting rates further. https://bit.ly/4exEX1h Is this welcome news for your business? #Reed Business Support #Inflation #Business #Economy #InterestRates

The goal with last year’s base rate hikes was to tame the rampant cost of living. But with inflation much lower now than it was then, is it now time for interest rates to follow? Interesting article on what that will mean for your money. https://buff.ly/3J84X5L #banking #productpricing

Interest rates have been held at a 16-year high by the Bank of England. This has been held at this rate for the sixth time in a row. On 8 May 2024, the Monetary Policy Committee voted to maintain the bank rate at 5.25%. The Bank of England even used the same words as it did in the last interest rate announcement, suggesting there is unlikely to be a cut soon. “Monetary policy will need to remain restrictive for sufficiently long to return inflation to the 2% target sustainably.” #economy #inflation #news #interestrates

RBA keeps interest rates on hold as hopes of a 2024 rate cut fade. There seems to be no immediate relief for households and borrowers anticipating an early rate cut, as the Reserve Bank has maintained the cash rate at the May meeting. The most recent data indicates that controlling inflation has been more challenging than anticipated. . . . #rba #rbacashrate #finance #inflation #cashrate #cash #economy #EconomyNews #housing #housingmarket #housingmarketupdates #housingmarketexpert #property #propertyinvestment #house #perthproperty #perthpropertymanagement #perthpropertymarket #perthrealestate #perthrealestateagent #perthrealestatenews

Interest rates frozen at 5% The governor of the Bank of England has indicated that interest rates are "now gradually on the path down," following a decision to keep borrowing expenses at 5%. Andrew Bailey mentioned that inflation has "come down a long way," but cautioned that the Bank must observe additional proof of its sustained low levels before reducing rates more. This choice to maintain rates is made as prices are increasing slightly above the Bank's goal, with inflation staying at 2.2% in the previous month. Experts suggest that the Bank will reduce rates more in November. This year, there are two more decisions regarding interest rates. #InterestRates #BankOf England #Inflation #Tax #Government #Rates #Money