The cash rate remains at 2.5% and has now been at this record low level for fifteen consecutive months.
The Reserve Bank of Australia today announced the outcome of its tenth board meeting of the year, a decision that was widely anticipated. The Bank has elected to remain on its course of interest rate stability amid concerns of the impact an upward movement would have on the Australian dollar and exports.
Even though the cash rate has remained unchanged, there are still daily changes in the finance market as a result of increasingly intense competition amongst lenders. So, it’s still wise for us to talk if we haven’t spoken in a while to ensure you’re still in the right finance solution.
RBA Announcement – October 2014
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.