The RBA has opted to leave the official cash rate on hold at 1.5%.
As widely predicted the RBA has kept rates on hold as it continues to look for the balance between containing house price growth and managing below target inflation levels, record low wages growth and slow economic growth.
Even though the official cash rate has remained unchanged, lenders have continued to move their rates independently over the past month or so.
If you haven’t reviewed your mortgage over the past 12 months, it may be worthwhile for you to get in contact with us for a free assessment.
Contact us on 1300 227 663 for an obligation free assessment