RBA Holds at 1.75% ...and Melbourne in 1945!

As expected, the RBA decision today is to hold the official cash rate at 1.75%.  

The RBA have just announced that the cash rate will remain unchanged at 1.75%. This was in line with most forecasts given a few positive indicators, suggesting there was no urgent need for easier lending through a reduction in interest rates.

Click here for the full Reserve Bank statement.

 

Melbourne in 1945

I also found this great website click here showing Melbourne suburbs in 1945 compared to today - scroll across the page and watch Melbourne change before your very eyes!!!

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Posted in: Interest rates

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