Final rate update for 2017
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We’ve come to the final rate news for 2017, in what has certainly been a jam packed year. 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% for the 16th consecutive month.
This was an outcome that was again widely anticipated by financial markets. With inflation well constrained the status quo could well continue deep into the next 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.
Any advice contained in this article is of a general nature only and does not take into account the objectives, financial situation or needs of any particular person. Therefore, before making any decision, you should consider the appropriateness of the advice with regard to those matters. Information in this article is correct as of the date of publication and is subject to change.