Vicky McLoughlin No Comments

The Reserve Bank of Australia has delivered its final cash rate announcement for the year with the decision to leave the rate unchanged at 0.75%.

In making the decision the RBA appears to be assessing the impact on the broader economy of the three previous cash rate reductions together with recent tax cuts, government spending on infrastructure and signs of improvement in the resources sector.

The RBA will be keeping a close eye on household consumption and the GDP numbers being released later this week as it stays focused on the aim of restoring inflation to within its target range of 2 – 3 %.

Don’t forget that its always important to review your lending options regularly to make sure that they remain the most suitable for your situation. Don’t hesitate to contact us if you’d like to discuss how we can help you.

Leave a Reply

Your email address will not be published. Required fields are marked *