Reserve Bank of Australia has again opted to leave the official cash rate on hold at 1.5%
The Reserve Bank of Australia decided to once again leave the official cash rate unchanged at 1.5% with the last rate move back in August 2016. I’d like to share today’s rate announcement and the thoughts on why the Reserve Bank of Australia has made this decision.
With wages growth remaining modest and concerns emerging around the impact retail deflation is having on the overall economy, interest rates are predicted to be steady for the majority of 2018.
Even though rates are unchanged, my role as a broker remains the same. There may be different rates available from our lenders, so I’m always on hand to ensure you have the right financial solution for your current circumstances, and are receiving the most suitable rate available to you.
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.
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.