With the new year underway, we’ve come to the first rate news for 2018. I’d like to share today’s rate announcement and the thoughts on why the Reserve Bank of Australia has made this decision.
In its first meeting of the year, the Reserve Bank of Australia decided to once again leave the official cash rate unchanged at 1.5%. The last rate move was in August 2016.
With inflation remaining well constrained, a number of commentators are suggesting that rates appear to be firmly on hold until at least late in the 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.