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RBA Rate Announcement – April 2017

April 4, 2017  |  #Government Policy

Global conditions are improving, the Australian economy continues to transition, inflation remains low and the housing market continues to vary around the country.

The Reserve Bank Board announced it was leaving the cash rate unchanged at 1.50 per cent at its meeting today, 3rd April 2017. 

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

You may have noticed some big changes to lending rates from some of the big 4 outside of the RBA rate announcement cycle. We are keeping an eye on what the lenders are offering.

Banks will notify their customers directly if their rates are impacted, so keep your eyes out for a notice from your bank if you are on a variable package.

If you are concerned about your rates, or it has been more than 2 years since you financed your home, now is a great time to get in touch to see if we can help. We have a dedicated team of lending advisers who have their finger on the pulse of product offerings.

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