The Reserve Bank of Australia (RBA) has decided to leave the cash rate on hold at the historically low level of 0.10%.
RBA Governor Philip Lowe had previously indicated the cash rate would not increase until actual inflation is within the 2 to 3 per cent target range, which is unlikely to happen before 2024.
Recently, we have seen some movement on interest rates by the Big Four banks, so now is a good time to review your mortgage. Get in touch on 0437 498 800 and we’ll check your home loan still works for you.
