At its meeting yesterday, the Board decided to
LEAVE THE cash RATE ON HOLD AT 1.5%
The Governor of the RBA, Philip Lowe’s statement is available in full CLICK HERE
Whilst the Cash Rate remains on hold this month, there is speculation that Interest Rates will begin to rise in the latter half of this year.
If interest rates were to increase, how would this impact your ability to meet your monthly loan repayments?
Investigating a Fixed Rate option could reduce the impact of future rate rises and lessen the pressure on your monthly cashflow.
If you would like to discuss this or any other query you may have regarding your financial needs do not hesitate to email us or give us a call.
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Until next time….