Final Rate Update for 2017

We’ve come to the final rate news for 2017, in what has certainly been a jam packed year. I’d like to share today’s rate announcement and the thoughts on why the Reserve Bank of Australia has made this decision

The Reserve Bank of Australia decided to once again leave the official cash rate unchanged at 1.5% for the 16th consecutive month.

This was an outcome that was again widely anticipated by financial markets. With inflation well constrained the status quo could well continue deep into the next year.

If you’d like to have a chat about what today’s news means for you and your finances, please don’t hesitate to get in touch.

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