It’s official: RBA Cash Rate on hold

After cutting cash rates at 2.5% in August of this year, the Reserved Bank of Australia has decided against any further cuts as it finished up today’s meeting.

RBA Governor Glenn Stevens said that the current monetary policy has “remained appropriate”. The RBA has considered repercussions of a high exchange rate when deciding for further rate cuts and with desires for a lower Australian dollar, this has failed to meet the need for balance in the economy.

Read more about this on the Sydney Morning Herald website.

Author: Dorian Traill

Dorian Traill is the current Director of Grand Capital Finance Group and Fountain Property Group. He specialize in home loans for people as well as helping them build wealth through quality investment properties that ultimately lead to long term financial freedom.

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