We hope the Melbourne Cup brought you some joy today, because the Reserve Bank did not.
The narrative remains unchanged… at today’s meeting the Reserve Bank of Australia announced its decision to leave the cash rate unchanged at 4.35% yet again.
While headline inflation has declined significantly and is expected to remain low for a period of time, underlying inflation remains too high with economic forecasts indicating it will still be some time before inflation sits sustainably within the target range.
There is still a high level of uncertainty about the economic outlook within Australia and overseas, and the RBA remains steadfast in its determination to return inflation to target.
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By Wendy Chamberlain
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With a passion for all things real estate spanning 20 years, Wendy loves that her role as a Buyers and Sellers Advocate gives her buying and selling clients an experienced voice they can trust when it comes to negotiating to buy or sell something as important as their home or investment. Wendy considers it a privilege to be asked to help others realise such an important goal as home ownership and to be trusted with that honour. Get in touch today via www.chamberlainadvocates.com.au for a no obligation chat about how Wendy can work with you and help you save time and money to secure your new home sooner.