The Reserve Bank of Australia decided to once again leave the official cash rate unchanged at 1.5% with the last rate move back in August 2016. We would like to share today’s rate announcement and the thoughts on why the Reserve Bank of Australia has made this decision.
With wages growth remaining modest and concerns emerging around the impact retail deflation is having on the overall economy, interest rates are predicted to be steady for the majority of 2018.
Even though rates are unchanged, our role as a broker remains the same. There may be different rates available from our lenders, so we’re 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 with one of our brokers on 1300 308 225.
For more information about today’s rate announcement please go to http://www.rba.gov.au/media-releases/2018/mr-18-05.html