The Reserve Bank of Australia today decided to keep the official cash rate on hold
The Board decided to keep the cash rate unchanged at 2.75%, following last month’s rate cut.
With the housing market stabilising and the rate of inflation improving, it appears the central bank is confident with the current position of the Australian economy.
As you may be aware, last month we saw many lenders drop their rates following the cut which is good news for home owner and investors. In the next few days we will discover which lenders will adjust their rates as a result of today’s decision.
If you have questions about your current financial circumstances, or today’s RBA announcement, please get in touch. With the financial year coming to an end, it’s a great time for a loan review.
