In Home, Home Loan Financing, Interest Rate
The RBA has decided to leave the official cash rate unchanged at 0.75% as it assesses the impact of its June, July and October cuts.
In making this decision not to drop rates again, the RBA will have considered strong evidence of an improving housing market, supported by rising house prices in most capital cities and particularly in Sydney and Melbourne.
In making the decision to hold rates, the RBA will be keeping a close look on household consumption following lower than expected retails sales in September.
The three previous rate reductions, along with tax cuts, have failed to restore inflation to within its target range of 2 – 3% pa.

Lenders continue to review rates independently of the RBA with some making reductions. It is therefore important to review your lending options regularly to ensure they remain the most suitable for your situation.
There may be different rates available from our wide panel of lenders and I’m always available to ensure you have the right financial solution for your current and future circumstances.
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.

 

 

 

 

 

 

 

Any information contained in this newsletter is of a general nature only and does not take into account the objectives, financial situation or needs of any particular person. Therefore, before making any decision, you should consider the appropriateness of the information with regard to those matters. Information in this newsletter is correct as of the date of the publication and is subject to change.




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