LYNTON FINANCIAL SERVICES PTY LTD T/AS AUSSIE MORTGAGE MASTERS

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RBA CASH RATE – UNCHANGED AT – 1.50%

Tuesday, May 1st, 2018

The Reserve Bank of Australia decided to once again leave the official cash rate unchanged at 1.5% with the last rate move back in August 2016. I’d like to share today’s rate announcement and the thoughts on why the Reserve Bank of Australia has made this decision.
With a combination of retail deflation (ie the price of retail goods falling) and continued weak wages growth still impacting economic growth, the Reserve Bank have signaled that we can expect to see rates where they are for the time being. They have indicated however that they expect the next rate move to be an increase and are concerned about the potential shock that this may cause the economy.
Rates remain constant now but it is important that you are prepared if they increase. There may be different products and rates available from our wide panel of lenders and I’m always available to ensure you have the right financial solution for your current circumstances, and am here for you as they may change.
If you would like to have a chat about what today’s news means for you and your finances, please don’t hesitate to get in touch.
Call Aron now on 1300 666 186

Author: Lynne Cox

She is a Mortgage Broker and holds an Australian Credit Licence # 365386. She has been involved in the Mortgage Broking Industry since May 1996 but has been involved in small business since 1977. Lynne is a licensed finance broker. She was the President of the Finance Brokers Association of Australia until March 2004 where she is now a Life Member, and she was also a Member of the Finance Brokers Supervisory Board until it disbanded in October 2003.