Relief for home-owners today as the Reserve Bank Board announced its decision not to raise interest rates, leaving the cash rate unchanged at 4.35 per cent.
While inflation remains high, it is moderating albeit at a slower rate than expected, with the consumer price index increasing by 3.6 per cent in the March quarter. Returning inflation down to a 2-3 per cent target within a reasonable timeframe remains the Board’s highest priority.
The Board expects it will be some time yet before inflation is sustainably in the target range and says the path interest rates will take to ensure inflation returns to target remains uncertain.
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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.