Interest Rates On Hold September 2014

The Reserve Bank of Australia has today announced the outcome of its eighth board meeting of the year, a decision anticipated by most industry experts. In the minutes from its last meeting the Reserve Bank forecast that the most prudent course was likely to be a continued period of stability in interest rates and in spite of an increase in unemployment has chosen to stick to this course for the time being.

As a result, the RBA announced it was again leaving the cash rate unchanged, at 2.5%. The rate has now remained unchanged at this record low for thirteen consecutive months. Best Rate Home Loan