RBA cash rate unchanged at 0.75%
The first cash rate decision for 2020 has been announced by the RBA with the rate unchanged at 0.75%, as it assesses the economic threat posed by the bushfire crisis and the coronavirus outbreak.
The Reserve Bank will have been encouraged by positive employment, inflation and house price figures and will be hoping these threats do not undo these recent gains.
Lenders continue to review rates independently of the RBA. It is therefore important to review your lending options regularly to ensure they remain the most suitable for your situation.
I’m here to work through the different rates available from our wide panel of lenders with you and I’m always available to ensure you have the right financial solution for your current and future circumstances.
If you’d like to have a chat about what today’s news means for you and your finances, please don’t hesitate to get in touch with me.
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.