3rd March – Interest Rate Decision

As widely predicted, The Reserve Bank of Australia has today decided to leave the official cash rate unchanged at 2.25%.

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The Reserve Bank has previously expressed concerns about the growth rate of the economy, a factor it will no doubt be keeping a close eye on in future months.

Even though the cash rate has remained unchanged, there are still daily changes in the finance market as a result of increasingly intense competition amongst lenders.

If you’re thinking about buying or selling it makes sense to discuss your options with your bank or broker before making any decisions.

Justin Murphy
Ray Backhouse – Lifespan Financial Services

0433 192 167         justin@raybackhouse.com.au