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RBA November 2016 Announcement

November 2, 2016  |  #Government Policy

Amoungst the Race-Day action, the Reserve Bank Board announced its cash rate decision.

On Melbourne Cup Day, The Reserve Bank Board announced it was leaving the cash rate unchanged at 1.50 per cent. Whilst the official rate is unchanged , we’re watching closely what the banks do with their rates, as some of Australia’s biggest lenders have decided to make changes to their rates regardless of official interest rate moves by the RBA.

You will be notified directly by your bank if and when they change their interest rate.

Please click here to view the Statement by Philip Lowe, Governor: Monetary Policy Decision.

While interest rates remain at all-time lows, we are are noticing a widespread on home loan offerings across the market. Now is the perfect time to review your current mortgage rate and package to ensure it is the best for your current situation. Please get in touch if you would like to discuss recent rate movements or if you would like to review your finance options.