The Reserve Bank of Australia today decided to keep the official cash rate unchanged. The Board decided to leave the cash rate at 3.50%, for the third consecutive month.
Their decision to hold the current cash rate could be influenced by a decline in retail trade and uncertainty in both on and off shore economies. Over the next few days we will find out which of the lenders will adjust their rates in light of today’s announcement.
If you have questions regarding your current circumstances, or the RBA’s cash rate announcement, please contact us today. Lending institutions change their criteria all the time, so it’s always good to check in and stay informed.
