The Reserve Bank has left interest rates on hold again over October at the record low 1.5 per cent. The Bank will continue to assess the impact of the recent cut to decide if more cuts are required.
Economic data remains mixed with the Bank awaiting the latest ABS inflation data to be released at the end of the month.
The Bank will be alert to a recent resurgence in house price growth in Melbourne and Sydney with the increasing likelihood now that rates will remain on hold for the rest of the year.
We strong suggest that you should consider today to restructure your existing borrowings and ensure that you have unlocked your sleeping equity.
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