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At its first meeting of 2026, the Reserve Bank of Australia (RBA) has lifted the cash rate by 0.25 percentage points, taking it to 3.85%.
Not great news for Mortgage holders.
@RBAInfo
The Reserve Bank of Australia (RBA) has kept the cash rate on hold at 3.60 per cent, after the latest inflation figures came in higher than expected.
@RBAInfo
Chipmaker Broadcom was a standout on the day, jumping 9.4% after reporting solid beats on the top and bottom line and causing Nvidia to retreat 2.7% as investors evaluated whether there was more competition in the space than previously thought.
Friday’s jobs report saw the unemployment rise to 4.3%, while just 22k jobs were added in August, well below economist estimates for 75k.
The S&P500 and the @Nasdaq still finished the week with solid gains of 0.3% and 1.1%, respectively, while the Dow fell 0.3%.
US markets – Stocks closed lower on the last session of the week as a weaker than expected jobs report heightened concerns about a slow-down in the U.S economy.
The Dow Jones and the S&P500 closed 0.3% and 0.5% lower, respectively, while the Nasdaq finished flat.
Our director @financechicks is thrilled to be speaking at the FAAA Congress in Perth! I’ll be presenting on the protection of vulnerable clients and hope to see you there.
Register now: https://t.co/TsETZ53dw9
#FAAACongress25@FAAA_Au
The ‘new’ Reserve Bank (RBA), as dubbed by economists last month, has this month met expectations delivering a 25-basis-point interest rate cut and bringing rates to 3.6%
The Reserve Bank of Australia (RBA) has decided to keep the cash rate on hold at 3.85 per cent at its latest meeting.
With inflation trending lower, it’s looking like borrowers can expect another cash rate cut soon. @RBAInfo