RBA cash rates remain at 2.5%

As expected, the Reserve Bank of Australia has decided to keep its cash rates at 2.5% for the 6th meeting since August 2013. Economists have unanimously expected the cash rates to remain unchanged, with a rise in unemployment and the economy’s inflation results.

The real estate market has benefited tremendously from this decision and is showing no signs of slowing down. Economists are predicting the rates to increase late this year, with unemployment as a major driver in the increase.

Read more about this on the Property Observer 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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