Interest rates on hold

The Reserve Bank of Australia decided to once again leave the official cash rate unchanged at 1.5%. With inflation seemingly well under control and the Sydney property market now showing signs of cooling, this outcome was widely predicted by most financial commentators. In fact many are predicting that the next rate change may not come until well into 2018, or even early 2019. All eyes on the oil price, employment rates and inflation.

Enjoy Melbourne Cup Day!  

Rick Maggi