Reserve Bank puts rates on hold

July 03, 2013
Robert Harney

Hibernating cash rate doesn’t rule out further cuts Rob Harney of Mortgage Choice  Noosa says low rates offer opportunities for borrowers.

Despite sharemarkets locally and overseas experiencing some volatility in June, Rob believes the Reserve Bank of Australia’s (RBA) decision to leave the cash rate on hold at 2.75% for a second consecutive month may indicate the RBA doesn’t expect such instability to persist this month.

Posted in: News

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