Interest Rates Remain Stable for March

The Reserve Bank of Australia has today announced that it has decided to keep the cash rate on hold at 2% for the 11th straight month. Some economists are expecting variable interest rates to fall in the upcoming year with the earliest rate relief as early as May.

We expect that most lenders will leave their variable interest rates unchanged but we will continue to monitor lenders for rate changes outside the official rate.

If you have any questions about the announcement or interest rates, please feel free to contact us.

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