Interest Rate Decision Reserve bank of Australia
Today the Reserve Bank of Australia will most likely reduce interest rates to 3.00%, the equal lowest level in history.
Most economists agree that the Australian economy is in need of stimulation and retailers are in need for a good Christmas after a sluggish year.
For those with home loans we can expect the Banks and other mortgage providers not to pass on the full variable rate cut.
We will keep you updated on the RBA’s decision and how the lenders follow.
