RBA, Interest rates and looking forward

February 03, 2016
Wayne Smith

No surprises as RBA (Reserve Bank of Austraia) leaves cash rate untouched

The Reserve Bank of Australia has kicked off its first Board meeting for the year with more cash rate stability deciding it was prudent to leave the official cash rate on hold, marking the ninth consecutive month that the cash rate has been left at 2%.

“Data from CoreLogic RP Data shows property values continue to climb fairly steadily across most capital cities, with values increasing 0.9% over the month of January. In addition, business confidence and conditions remain surprisingly robust, while underlying inflation remains within the Reserve Bank’s target band range.”

The Reserve Bank will continue to keep a close eye on inflation, property prices and consumer confidence.

Regardless of what happens with the cash rate in the future, interest rates

continue to hover around record lows, making now a good time to buy, invest or upgrade.

“For anyone who isn’t happy with their current home loan provider or feel as though they could be getting a better deal, now is also a great time for property owners to review their home loan and make sure they are still in the right product for their needs.”

With 25 lenders on our panel, it's like to talking to 25 bank managers at the one time.

So now is a perfect time to contact us and see how we can help you.

To find out more - contact us at Suite 2, 10-12 High St Wodonga or call 02 6056 4433.

Posted in: Interest rates

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