August 2016 Interest Rate Announcement



The current cash rate has been cut to a record low of 1.5%! The Reserve Bank of Australia announced today they would cut the cash rate to a record low. ‘The RBA has acted on last weeks figures showing inflation at a 17 year low,’ Martin explains. Glen Stephens, Govenor of the RBA retires in September and most would say for ten years he has done a fantastic job with monetary policy,’ Martin says. It’s important to know Lenders are no longer simply following what happens with the cash rate, so please know we are here to structure and negotiate so that your lending is optimal for you and yours.’ If you aspire to take advantage of the current environment – whether you are looking for buy or already have lending – contact us at Aviser Finance.