RBA LEAVES RATES ON HOLD IN OCTOBER
Following its October 2011 meeting, the Reserve Bank of Australia has left the official cash rate on hold at 4.75%pa. This comes as no great shock to those repaying debt at a variable or split interest rate. Uncertainty in world economies along with increases in our unemployment levels and poor household growth has suppported this decision making.
We strongly recommend that with today's economic uncertainty it is important to focus on your finances. Take the time to set a budget and start planning for the future. Whether it be for an investment property, renovations or new car, having a plan is essential. Take some time to budget by using our free budget planner and calculator found in our online calculators. If you need some more information or help please contact us. It's our job to ensure borrowing and planning for your new home or refinance is as stress free as possible.