RBA ANNOUNCEMENT: #breaking The official cash rate remains unchanged at 2%.
The Reserve Bank of Australia has again decided to leave the official cash rate at 2.00%.
This approach was again predicted by many commentators as the Reserve Bank ignored recent scare mongering around the Australian housing market as it continues to assess the impact of movements in the Australian dollar and a volatile share market.
The task of the RBA was more difficult this month due to the timing of their meeting and a lack of key economic data being available, both of which supported a wait and see approach.
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.
Get in touch today to make sure you are taking advantage of regular changes in the increasingly competitive mortgage market.