RBA’s cash rate for August is unchanged at 0.25%
As expected, the Reserve Bank of Australia kept the cash rate at 0.25% at its meeting today as the country continues to deal with the COVID-19 pandemic.
The RBA, conscious of reductions in consumer spending, further falls in house prices and the flow on economic impact of stage four restrictions in Victoria, has consistently stated that it sees a cash rate of 0.25% as the floor.
With rates at a record low and lenders continuing to offer very competitive rates, why not review your situation to ensure you have the right product for you right now?
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