News

RBA cut interest rate to 2.0%


Today the Reserve Bank of Australia decided to lower the cash rate by 25 basis points to 2%

According to Glenn Stevens “The global economy is expanding at a moderate pace, but commodity prices have declined over the past year, in some cases sharply. These trends appear largely to reflect increased supply, including from Australia. Australia’s terms of trade are falling nonetheless.”

This quarter-point cut, the second in three months, brings interest rate to historic low.

For more information, go to http://www.rba.gov.au/media-releases/2015/mr-15-08.html

Contact Us

Call us today on 1300 732 201,
complete the form and one of our consultants will get back to you within 24 hours, or click here to APPLY ONLINE.

captcha

Share Us:

Share With Facebook    Share With Pintrest  Share With Google+