RBA left the cash rate on hold at 3.60%
Great News for Homeowners and Buyers
The Reserve Bank of Australia (RBA) left the cash rate on hold at 3.60% for the first time since May 2022.
The decision came as Australia’s annual inflation rate slowed in February to 6.8% from 7.4% in January, suggesting higher interest rates are beginning to have the desired impact on consumer prices.
Accordingly, the central bank wants additional time to reassess the outlook for the economy before making any further moves.
With so much uncertainty about interest rates, it can help to talk to a property expert if you're thinking of buying or selling! Contact a 𝗬𝗘𝗦 𝘁𝗲𝗮𝗺 𝗺𝗲𝗺𝗯𝗲𝗿, if you'd like to discuss your situation with regards to selling or buying.
𝗬𝗘𝗦 𝗥𝗲𝗮𝗹 𝗘𝘀𝘁𝗮𝘁𝗲 | 1300 032 669
