RBA SURPRISES WITH RECORD LOW CASH RATE AT 1.75%

At its meeting today, the Board decided to 

 

LOWER THE cash RATE TO 1.75%

 

The Governor of the RBA, Glenn Steven’s statement is available in full CLICK HERE

 

The deciding factor has been contributed to the recent low inflation rate of 1.3%.

 

What does this mean for you?   We will keep you posted on developments of how the lenders will react.