Asia-Pacific Markets Set to Rise with Reserve Bank of Australia Decision, China Loan Prime Rate on Deck
- Real estate experts expect a surge in auctions as sellers aim to benefit from an anticipated interest rate cut by the Reserve Bank of Australia.
- Cotality reported 1,835 auctions last weekend, the highest since before Easter, yet around 300 fewer than last year.
- An expected 25-basis-point rate cut could cause a rise in house prices, with 2,360 auctions anticipated this weekend.
- The S&P/ASX200 rose 0.57 percent, reflecting positive investor sentiment ahead of the RBA's interest rate announcement.
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Lenders slash rates ahead of RBA decision
With the Reserve Bank of Australia (RBA) poised to make its next cash rate announcement, many borrowers may be holding their breath, hoping for official rate relief. Over the past month, home loan rates have been quietly falling as competition among lende
RBA interest rate cut considered a near certainty
Some relief is in sight for home loan borrowers, with the Reserve Bank to deliver its interest rates decision at 2:30pm AEST. Economist forecasts and financial markets are strongly pointing to a 0.25 percentage point cut. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
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R 33%
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