Interest Rate Update – December 2017

Interest Rate Update – December 2017

In Uncategorized
Interest Rate Update

We’ve come to the final rate news for 2017, in what has certainly been a jam packed year. We’d like to share today’s rate announcement and the thoughts on why the Reserve Bank of Australia has made this decision

The Reserve Bank of Australia decided to once again leave the official cash rate unchanged at 1.5% for the 16th consecutive month.

This was an outcome that was again widely anticipated by financial markets. With inflation well constrained the status quo could well continue deep into the next year.

Even when rates are unchanged, our role as a broker remains the same. There may be different rates available from our lenders, so we are always on hand to ensure you have the right financial solution for your current circumstances, and are receiving the most suitable rate available to you.

If you’d like to have a chat about what today’s news means for you and your finances, please don’t hesitate to get in touch on 1300 308 225

For more information please go to http://www.rba.gov.au/media-releases/2017/mr-17-25.html

 

 

 

RBA

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