eNews - August 2017
At its board meeting this month, the Reserve Bank of Australia decided to once again leave the official cash rate unchanged for the 12th consecutive month. This marks a full year since the cash rate last moved.
The RBA have taken into account the impact this would have on the Australian dollar and therefore tourism and other exports. Other factors considered would have been sluggish consumer spending and record low wages growth which have led to lower than desired inflation and fears that housing construction is set to slow.
Overall, interest rates are still low and there are some great opportunities for buyers and investors.
I will be away till the 3rd of October in the United States but I can be reached through email.
Until next time.