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  3. Again the RBA kee...

Again the RBA keep the cash rate at 2.00%

  • RBA updates

Mar 1, 2016

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1 min read

The Reserve Bank of Australia has again decided to leave the official cash rate at 2.00%.

This approach was again predicted by many commentators as the Reserve Bank ignored recent scare mongering around the Australian housing market as it continues to assess the impact of movements in the Australian dollar and a volatile share market.

The task of the RBA was more difficult this month due to the timing of their meeting and a lack of key economic data being available, both of which supported a wait and see approach.

Even though the cash rate has remained unchanged, lenders are making daily changes to lending rates so it’s still wise for us to talk if we haven’t spoken in a while to ensure you’re still in the right finance solution.

Mar 1, 2016

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1 min read

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.