RBA leaves cash rate on hold again

October 06, 2015
Leah Boyce

At today's Board meeting, the Reserve Bank of Australia left the official interest rate on hold for the fifth consecutive month.

According to the Board, with the Australian economy progressing nicely, there is no immediate need to change the current monetary policy setting.

The lower Australian dollar has provided some support for the countrys growth and inflation. Furthermore, new data shows business conditions remain relatively stable, while property price growth continues to track upwards.

As your local Mortgage Choice broker, we have access to hundreds of products through our panel of up to 25 lenders and can help you source the right home loan for your needs. If you already have a current home loan, we can compare it against hundreds of others to see if we can find you one that is not only better suited to your needs, but more competitively priced.

To have a chat please call our office on 03 8602-6777 or email admin.melbourne1@mortgagechoice.com.au to arrange a time to meet.

Posted in: Interest rates

Contact us today.

Additional Comments? * :