The cash rate is to remain at 0.10 percent for yet another month, as the Reserve Bank of Australia (RBA) maintains its decision to be patient while it monitors how various factors affecting inflation evolve. Read today’s official statement on the RBA’s Website.
Today’s announcement is welcome news for property owners. However, there is still speculation the RBA could increase the cash rate as early as June, as inflation has risen faster than expected.
We’ve seen fixed rate home loans creep up in recent months, but there is still a lot of competition amongst lenders for your business. Speak to us and we’ll line you up with a competitive home loan that meets your needs.
Need help understanding what this announcement means for you? Contact us today!