‘February fine for a rate cut?
The RBA thought so.’
The Reserve Bank of Australia
has cut interest rates by 0.25%.
The current cash rate is 2.25%.
The Reserve Bank (RBA) official Interest Rate has reached an all time low of 2.25%, the last time it changed, also down, was August 2013!
‘The economy and politics seem a little hard to pin down at the moment and so the RBA has, until now, been like a starter in the 100 metres not wanting to jump the gun with a rate cut’, Aviser’s Martin Ryan says. ‘The current cash rate gives impetus for those who are in a healthy position to buy a property or perhaps get a better deal from their current bank.’
To find out how to take advantage of these interest rates – whether you are looking to buy or already have some lending – contact us at Aviser Finance.