The RBA has decided to leave the official cash rate unchanged at 1.5% for the 29th consecutive time and I'd like to share some thoughts on why the Reserve Bank of Australia has made this decision.
With speculation mounting that a date for the federal election is close to being announced and that tonight's federal budget will bring with it tax cuts, the Reserve Bank has again left rates on hold. Supporting the case are strong employment figures and continued low global interest rates, offsetting continued concerns around falls in housing prices.
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With lenders continuing to review rates independently of the RBA, it is 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.
Sabrina, 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.
Kind Regards,
Lawrie O'Neill
Savanna Home Loans
