RBA announcement – March 2016

At its March meeting, the Reserve Bank of Australia has decided to keep the official cash rate on hold at 2.0 per cent.

Whilst the RBA told us after their last meeting that the outlook for inflation may leave some scope for a further easing of monetary policy, they seem to be taking a wait and see attitude right now.

If you’re in the market for a home loan, it’s all good news for you as low interest rates continue. And if you’re looking to refinance it’s a great time to talk with your iConnect broker about your plans, and the very competitive rates we can access.