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Interest Rate Update

  • Amanda Varidel
  • Jun 8, 2016
  • 1 min read

The end of the financial year is nearly upon us, and the Reserve Bank of Australia has just announced the outcome of its board meeting. The Reserve Bank of Australia has decided to leave the official cash rate at 1.75%.


In making this decision the RBA resisted the temptation to lower rates further despite Australia's low inflation rate which has dropped below their target range of 2 – 3%. Better than expected GDP figures, albeit strongly driven by exports, appear to have influenced the Reserve Bank to take a patient approach for the time being.


Even though the cash rate has remained unchanged, it's still wise for us to talk to ensure you still have the appropriate financial solution for your current circumstances.


Get in touch today to make sure you are taking advantage of daily 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.

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