The Reserve Bank of Australia have kept cash rate the same
The Reserve Bank of Australia has again decided to leave the official cash rate at 2.00%.
This decision was forecast by most commentators as the Reserve Bank continues to assess the impact of recent upward movements in the Australian dollar and positive economic news around employment and retail spending.
Complicating the issue is talk that lenders may increase interest rates independent of the Reserve Bank cycle, citing increased funding and regulatory costs.
Therefore even though the cash rate has remained unchanged, it’s still wise for us to talk to ensure you still have the appropriate financial solution for your current circumstances.
Get in touch today to make sure you are taking advantage of regular changes in the increasingly competitive mortgage market.
Any advice contained in this article is of a general nature only and does not take into account the objectives, financial situation or needs of any particular person. Therefore, before making any decision, you should consider the appropriateness of the advice with regard to those matters. Information in this article is correct as of the date of publication and is subject to change.