**RBA LEAVES THE CASH RATE ON HOLD**

November, 2016

 

At its meeting today, the Board decided to 

 

LEAVE THE CASH RATE UNCHANGED AT 1.50%

 

The Governor of the RBA, Dr Philip Lowe’s statement is available in full CLICK HERE

 

Amongst all the excitement of Melbourne Cup Day and the ‘race that stops a nation’, the Reserve Bank has decided to hold rates steady for November.

 

Most finance pundits were gambling on a rates hold this month and with no further weakening in inflation and the ongoing focus on housing prices the RBA decision was a safe bet.

 

We hope that you backed a winner today as well!!!

 

Don’t forget to like us on Facebook, and share with family and friends for regular updates, hints, tips and useful information.

 

 

Until next time….