You are currently viewing RBA’s cash rate for June unchanged at 0.25%

RBA’s cash rate for June unchanged at 0.25%

The cash rate decision for June has been announced by the RBA with the rate unchanged at 0.25%.

The Bank withstood calls for further reductions, with some commentators suggesting negative interest rates remain a future possibility.

Whilst the RBA will be mindful of concerns around the rising value of the Australian dollar and its impact on exports, reductions in property prices and uncertainty around employment post JobKeeper, it stuck by its view that a rate of .25% is an appropriate floor.

If the COVID-19 crisis is affecting your financial situation, please get in touch so we can formulate a plan to manage your loan repayments during these unprecedented times.

I can help you secure the right deal for your circumstances from a wide panel of lenders offering home loans with great features, low fees and competitive interest rates.

If you’d like to chat about the best way to manage your mortgage as the COVID-19 crisis continues to unfold, please get in touch.

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.