RBA Announcement – December 2014
The final rate alert announcement for 2014 has just been announced and we have the news for you hot off the press. As widely expected, The Reserve Bank of Australia has today decided to leave the official cash rate unchanged at 2.5%.
Australian consumer confidence has taken a dip since this time last year, a factor no doubt taken into consideration by the Reserve Bank in their decision to leave the cash rate at a record low of 2.5% for the sixteenth consecutive month.
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. So, it’s still wise for us to talk if we haven’t spoken in a while to ensure you’re still in the right finance solution
Any advice contained in this article is of a general nature only and does not take into account the objectives, financial situation or needs of any particular person. Therefore, before making any decision, you should consider the appropriateness of the advice with regard to those matters. Information in this article is correct as of the date of publication and is subject to change.