The Reserve Bank of Australia today decided to keep the official cash rate on hold. The Board decided that the cash rate will remain unchanged at 3.50%, for the second consecutive month.
With the latest data from the Australian Bureau of Statistics showing low inflation figures, a hold today was considered likely.
In the next few days we will discover which, if any, of the lenders will adjust rates as a result of today’s decision.
If you have questions about your current circumstances, or this most recent RBA announcement, please get in touch today. Lending institutions change their criteria all the time, so it’s always good to check in regularly.
