The Reserve Bank of Australia (RBA) has maintained the cash rate at 3.6 per cent, a decision anticipated by economists and market participants.
However, the unexpectedly cautious rhetoric from the RBA's board and governor, Michele Bullock has prompted a rethink among analysts on the timing of future rate cuts.
Initially, economists at Commonwealth Bank predicted a rate cut in November, but now they've shifted their expectation to February following the RBA's recent tone and data releases. This adjustment comes in response to stronger-than-expected economic activity and consumer price index results, which suggest inflation might exceed the RBA's forecasts.
Belinda Allen, head of Australian economics at CBA, cited a significant uplift in trimmed mean inflation and robust consumer activity as key factors contributing to CBA's revised forecast. These indicators imply that the RBA may hold interest rates steady during the remaining meetings in 2025.
Other financial institutions are also adjusting their predictions. JP Morgan's Ben Jarman has withdrawn his call for a November rate cut, while the probability estimated by money markets has dropped from over half to approximately one-third.
Conversely, Paul Bloxham, chief economist at HSBC, retains his outlook for a rate cut in November. He acknowledges the risk of fewer cuts than previously expected and emphasises that future decisions will heavily depend on the consumer price index data set for release at the end of October.
This wait-and-see approach underscores the RBA's commitment to monitoring inflationary trends and economic data closely. For mortgage holders, this means that immediate interest rate relief may be delayed as the central bank grapples with the evolving economic landscape.
As observers await the forthcoming CPI data on 29 October, the potential for an interest rate adjustment in the coming months remains contingent on how inflationary pressures unfold.
Published:Wednesday, 1st Oct 2025 Source: Paige Estritori
The Australian marine industry has reached a remarkable economic milestone, with its output soaring to $229 billion in 2023. This 19% increase from previous years underscores the sector's robust growth and its pivotal role in the national economy. - read more
Marine Structures, Australia's leading marine infrastructure provider, has successfully completed a multi-million-dollar upgrade of the Coffs Harbour Marina. This significant development delivers a world-class boating facility to the New South Wales coast, enhancing the experience for both local and visiting boating enthusiasts. - read more
MA Financial, a prominent alternative asset manager, has recently expanded its marina portfolio by acquiring the East Coast Marina in Brisbane for $33 million. This strategic move underscores the company's commitment to capitalizing on the increasing demand for boat berths along Australia's east coast. - read more
In a significant development within the marine finance sector, Commonwealth Bank has appointed receivers to The Yacht Pty Ltd, a company owned by embattled publican Jon Adgemis. This action has resulted in the bank taking control of the 95-foot yacht, Hiilani, a vessel with a storied history, having once been owned by Hollywood icon Shirley Temple. - read more
In response to escalating living expenses, many Australians are transforming their personal boats into income-generating assets. This trend is particularly evident among middle to upper-middle income earners aged 25 to 55, who are seeking innovative ways to manage financial pressures. - read more
Australia's maritime industry is at a crossroads, with only nine Australian-crewed ships currently in operation. This decline has prompted calls for the establishment of a National Strategic Fleet to secure supply chains and revitalize the sector. - read more
When it comes to purchasing a boat, financing plays a vital role for many individuals in Australia. However, applying for boat financing can be a complex process, and making mistakes along the way can lead to significant financial consequences and missed opportunities. - read more
In today's competitive financial landscape, securing a boat loan quickly can make a world of difference. By preparing your application in advance, you expedite the approval process and increase your chances of success. - read more
Imagine the spray of the sea caressing your face, the horizon stretching infinitely ahead, and the sense of freedom that sailing on your own boat provides. Owning a dream boat is a privilege that encapsulates excitement, adventure, and prestige – a tangible reward for hard work and dedication. - read more
Investing in a fishing boat can be an exciting and rewarding experience, but it's important to make sure you're getting the most value for your money. There are several key factors to consider when buying a fishing boat, including your specific needs, budget, and financing options. It's also important to research boat brands and negotiate the sale to ensure you're getting a fair price. - read more
Welcome to the world of boat ownership! Whether you're dreaming of sailing the serene waters of Port Phillip Bay or exploring the vast Australian coastline, owning a boat is a thrilling adventure. However, like any significant investment, it's crucial to understand the financial responsibilities involved. - read more
Having bad credit may make it seem challenging to secure a boat loan, as it can negatively impact your creditworthiness in the eyes of lenders. However, it's not impossible to get approved for a boat loan even with bad credit. - read more
Start Here
Quotes are offered free & without obligation. We respect your privacy.
Knowledgebase
Loan Origination Fee: A fee charged by a lender for processing a new loan application, typically expressed as a percentage of the loan amount.