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Cash rate for April unchanged at 0.1%

The RBA met today and as predicted by most economic experts left the cash rate at 0.10%.

The RBA has previously stated that it does not expect rates to increase until it sees sustained wage growth and inflation returning to within its target range of 2-3%.

With growing speculation that APRA will be required to intervene to stem the country’s booming housing market, all eyes will be on the statement that follows today’s announcement for any change of tone.

Rates are at a record low and lenders continue to offer very competitive rates. We can answer your questions and look at your circumstances to make sure you’re prepared for what could be coming next. This could mean refinancing or approaching your lender for a better rate. Because we do this type of work every day, we have a pretty good idea what lenders can do to win or keep your business.

We’re here to help if you have any questions or wish to review your circumstances. Please don’t hesitate to give us a call.

Any advice contained in this article is of a general nature only and does not take into account the objectives, financial situation or needs of any particular person. Therefore, before making any decision, you should consider the appropriateness of the advice with regard to those matters. Information in this article is correct as of the date of publication and is subject to change.