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Interest Rate Update

The first announcement for 2016 has just been released and we have the news for you hot off the press.


The Reserve Bank of Australia has again decided to leave the official cash rate at 2.00%.


This approach was predicted by many commentators as the Reserve Bank assesses the impact of the lower Australian dollar, falling fuel prices, a volatile share market and a slowing housing market. The lower Australian dollar and resultant increase in the cost of imported goods offset cheaper petrol prices and saw a slightly unexpected increase in the latest CPI figures. In reaching the decision to leave rates unchanged it appears the RBA has balanced any future currency-driven inflationary threat out against the jittery share market and more cautious housing market.


Even though the cash rate has remained unchanged, lenders are making daily changes to lending rates so it's still wise for us to talk if we haven't spoken in a while to ensure you're still in the right finance solution.


Get in touch today to make sure you are taking advantage of regular changes in the increasingly competitive mortgage market.

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Stu Varidel AR 324007 and Your Choice Financial Planning Pty Ltd ABN 80124246877 trading as Heart Financial Advisers CAR 323623 are authorised representatives of Sentry Financial Services Pty Ltd ABN 30 113 531 034 & AFSL 286786.

Warning The information provided on this website has been provided as general advice only. We have not considered your financial circumstances, needs or objectives and you should seek the assistance of your Adviser before you make any decision regarding any products mentioned in this communication. Whilst all care has been taken in the preparation of this material, no warranty is given in respect of the information provided and accordingly neither Heart Financial Advisers and Heart Mortgage Services nor its related entities, employees or agents shall be liable on any ground whatsoever with respect to decisions or actions taken as a result of you acting upon such information.

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