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RBA CASH RATE – UNCHANGED AT 1.5%

Tuesday, February 5th, 2019

5/2/2019

As financial markets digest the findings of the Banking Royal Commission, the Reserve Bank of Australia has made its first rate announcement for 2019. The RBA has decided to leave the official cash rate unchanged at 1.5% for the 27th consecutive time and I’d like to share some thoughts on why the Reserve Bank of Australia may have made this decision.

The RBA continues to balance the worrying parts of the economy – inflation dipping below its target range of 2-3%, falling house prices, a borrowing squeeze in response to the Royal Commission, slow wages growth and negative consumer and small business sentiment with the more positive aspects of strong infrastructure spending, increased export earnings and stable employment figures.

With lenders continuing to review rates independently of the RBA, it is important to review your lending options regularly to ensure they remain the most suitable for your situation. There may be different rates available from our wide panel of lenders and I’m always available to ensure you have the right financial solution for your current and future circumstances.

LYNNE, if you’d like to have a chat about what today’s news means for you and your finances, please don’t hesitate to get in touch.

Kind Regards,
Lynne and Aron
Aussie Mortgage Masters

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.