RBA - no change again!

October 28, 2016

The RBA has not changed the Cash Rate again this month leaving it at 1.50%

The RBA, as widely anticipated, has today decided to hold the official cash rate at its record low of 1.50 per cent.

Of the 33 industry experts surveyed by mortgage comparison site finder.com.au, 30 (90 per cent) correctly predicted that there would be no change to the rate today.

Although below the RBA’s target range of 2 to 3 per cent, many experts believed that a modest lift in inflation last week (now at 1.3 per cent) and concerns about heated property markets in some capital cities stayed the RBA’s hand.

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October 28, 2016

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