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Amanda Varidel

RBA cash rate raised to 2.60%


The Reserve Bank of Australia (RBA) today decided to increase the official cash rate, by 0.25% to 2.60%.


In considering the size of the increase, the RBA board appears to be continuing to focus on reducing inflation against the backdrop of falling house prices in many areas of Australia, a weakening Australian dollar and concerns of a global recession.


Lenders can set interest rates independently of RBA movements, and their responses to this official cash rate hike may vary.


I deal with multiple lenders every day, so I know just how flexible they can be to keep or win your business.


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.




Is your home loan still working for you?


Whether you're ready to refinance or looking for a new loan, I'll work to ensure you're getting the most competitive rate.


Tel: 1300 861 143


Your Choice Mortgage Brokers Pty Ltd ATF Halo Innovation Trust trading as Heart Mortgage Services - Australian Credit Licence 38643.


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