With celebrations for the race that stops a nation in full swing, 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%. The rate has not changed since September 2016.
This outcome was widely predicted by financial commentators. With inflation seemingly well under control and the Sydney property market now showing signs of cooling, many are predicting that the next rate change may not come until well into 2018.