At its meeting today, the Board decided to drop the cash rate to 1.25%
The Governor of the RBA, Philip Lowe’s, statement is available in full CLICK HERE
The Board took this decision to support employment growth and provide greater confidence that inflatiion will be consistent with the medium-term target.
The last decrease to the Cash Rate was in August 2016.
I will keep you posted on developments from the lenders, over the coming week.