Today the RBA has once again left interest rates on hold.
Following its February meeting, the RBA said the case for the next rate move to be a decrease was now almost equal to the case for an increase and that it would continue to watch the economy closely for signs around its key objectives of decreasing unemployment and increasing inflation.
It will also be watching property markets, particularly in Sydney and Melbourne, very closely as prices continue to fall.
With lenders continuing to review rates independently of the RBA, it is important to review your lending options regularly to ensure they remain the most suitable for your situation.
Don’t hesitate to get in contact with us to discuss your options to ensure that you have the right finance solutions for your specific needs.