RBA open to more rate cuts

The Reserve Bank of Australia has recently opened their doors to the possibility of further rate cuts to improve the economy, according to Deputy Governor Philip Lowe in a recent speaking engagement for Australian economists.

The RBA has seen the desired effects on the economy, while keeping the interest rate at 2.5%, but will be willing to cut it further if the economy needed stimulus. The property market has been growing steadily at the current rates and the construction sector is expected to follow suit.

Read more about this on the Your Mortgage website.