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Cash rate still unchanged at 1.5% for the 29th consecutive time

 In RBA Updates

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The RBA has decided to leave the official cash rate unchanged at 1.5% for the 29th consecutive time and I’d like to share some thoughts on why the Reserve Bank of Australia has made this decision.

With speculation mounting that a date for the federal election is close to being announced and that tonight’s federal budget will bring with it tax cuts, the Reserve Bank has again left rates on hold. Supporting the case are strong employment figures & continued low global interest rates, offsetting continued concerns around falls in housing prices.

If you’d like to have a chat about what today’s news means for you and your finances, please don’t hesitate to get in touch.

Any advice contained in this article is of a general nature only and does not take into account the objectives, financial situation or needs of any particular person. Therefore, before making any decision, you should consider the appropriateness of the advice with regard to those matters. Information in this article is correct as of the date of publication and is subject to change.

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