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RBA leaves official cash rate at 2.00% at October 2015 meeting.Now that the year’s big weekend of sport is behind us, and with only three interest rate alert decisions between now and the end of the calendar year, all eyes were on this month’s Reserve Bank decision which has just been announced. The Reserve Bank of Australia has again decided to leave the official cash rate at 2.00%. This approach was predicated by most financial commentators as the Reserve Bank continues to assess the impact of weakening commodity prices and the falling Australian dollar, signs the housing market is cooling in Sydney and Melbourne and global uncertainty on stock markets. Even though the cash rate has remained unchanged, lenders are making daily changes to lending interest rates so it’s still wise for us to talk if we haven’t spoken in a while to ensure you’re still in the right finance solution. Get in touch with The Loans Analyst to make sure you are taking advantage of daily changes in the increasingly competitive mortgage market.
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