RBA Rates remain on hold
With the busy autumn property market in full swing, The Reserve Bank of Australia met yesterday for its April meeting and decided to keep the official cash rate on hold at 2.0 per cent.
Some forecasters were predicting that the RBA would cut rates in light of the rising Australian dollar. However rates have remained on hold for the last ten RBA meetings and whilst their comments would indicate a further cut may be on the cards this year, the RBA looks likely to keep the cash rate on hold in the short term.
Interest rates remain very competitive, particularly for owner occupiers and those looking to refinance.
6th April 2016
