RBA & home Loan Interest rate update - July 2018 Blog article
03 July 2018
As expected, the Reserve Bank of Australia (RBA) decided to leave the official cash rate on hold at 1.5 per cent today.
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The RBA has not moved on rates since August 2016, with the objective of stimulating inflation, employment and wage growth through stability. However, before we get too comfortable, I thought I'd share the short video below explaining what's ahead for homeowners and investors...
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At its May meeting, the Reserve Bank of Australia elected to keep the official cash rate on hold at 1.5 per cent. However, Australian lenders are still increasing rates to keep in line with APRA's new lending rules...
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