eNews - December 2016
In this last month of the year, the Reserve Bank of Australia has kept the official cash rate on hold at 1.5% in a decision that was widely predicted by economists across the country.
There are plenty of reasons why the RBA would keep rates on hold such as the rebound in housing market strength and housing investment activity, a surge in commodity prices, and potentially a lower Australian dollar as the US looks to increase interest rates. The RBA and the rest of the world is watching the United States, particularly in relation to changes in that country’s interest rates as it could affect Australia’s interest rates. We will just have to wait and see in 2017.
I’d like to take this opportunity to wish you and your family a very happy Christmas and a safe and prosperous new year. I look forward to another year of working together to achieve your financial goals in 2017.
Until next time.