Good news Australia! The nation’s official cash rate has just hit a new low. Here’s how you can make the most of lower interest rates.
Cash rate stays anchored at 1.5%
April has once again seen the Reserve Bank of Australia (RBA) keep the official cash rate on hold at 1.5%.
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The cash rate stays on hold in time for Christmas.
Once again, the RBA has held the cash rate at 1.5 per cent today as the economy continues to grow moderately, the inflation rate sits in its target range and unemployment remains steady.
From property values to interest rates, we look at where we’ve been and where we’re headed with insight and analysis from industry experts and forecasters.
The Reserve Bank continued to hold the cash rate at 1.5 per cent at its July meeting today, as the inflation and unemployment rates remain low, counter-balanced by continued growth in the Eastern Seaboard housing market.