Still no change from the RBA, cash rate unchanged at 2.0%
With celebrations for the race that stops a nation in full swing, we have the latest cash rate announcement hot off the press.
The Reserve Bank of Australia has again decided to leave the official cash rate at 2.00%.
This approach was predicted by many financial commentators as the Reserve Bank continues to assess the impact of lower than expected CPI numbers, continued signs the housing market is cooling in Sydney and Melbourne and moves by the major banks and other lenders to increase their interest rates.
Even though the cash rate has remained unchanged, lenders are making daily changes to lending rates so it’s still wise for us to talk if we haven’t spoken in a while to ensure you’re still in the right finance solution.
Any advice contained in this article is of a general nature only and does not take into account the objectives, financial situation or needs of any particular person. Therefore, before making any decision, you should consider the appropriateness of the advice with regard to those matters. Information in this article is correct as of the date of publication and is subject to change.