April has once again seen the Reserve Bank of Australia (RBA) keep the official cash rate on hold at 1.5%.
We’re now at a record 24 months without a change to the official cash rate, and the RBA seems happy to let the cash rate hold steady for a couple of reasons.
The whistle may have just blown on the 2018 World Cup, but there’s also plenty going on in the property and mortgage markets, and recent developments could help you kick some goals of your own.
What a year it’s been. Property prices have soared in some areas, fallen in others ; and investor lending rates have climbed despite the official cash rate holding firm.
The cash rate stays on hold in time for Christmas.
In an unsurprising move, the Reserve Bank of Australia has kept the official cash rate on hold at 1.5% in November and indicated that there will be no change for some time to come.
We open our interview with the big question on many Australians’ lips, particularly in Sydney and Melbourne markets where growth remains at record highs:
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.