Rates On Hold

The Reserve Bank of Australia has decided to leave the official cash rate unchanged at 1.5% for the 26th consecutive time.

The RBA looks to have balanced low unemployment, strong trade figures and increasing business and public sector infrastructure investment against continued low inflation, falling house prices and slow wages growth. ‘Out of cycle’ rate increases by many lenders has also taken some of the pressure off the RBA to lift rates.

With lenders increasing rates independently of the RBA, it’s becoming increasingly important to review your lending options regularly to ensure they remain competitive - call us if you need an introduction to a reliable finance expert.