Rates Steady for Now

By Amanda Alba | Finance Articles

Oct 28

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.

  • ​RBA leaves rates unchanged again
  • Latest economic data remains mixed
  • Further rate cut this year now unlikely
  • Resurgence of house price growth (provided by Core Logic and Domain Real Estate)

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About the Author

Amanda Alba has a proven track record within the Real Estate industry over the last 20 years and has helped many happy customers. This can be attributed to her excellent customer service skills. She wants to share her knowledge with you so that you can make the right investment decisions and reach your financial hopes and dreams. Amanda is especially passionate about helping women increase their wealth and gain financial independence so that they are prepared for any unplanned circumstances and will be able to live comfortably in retirement. To do that she will assist you in developing an investment strategy tailored to your individual needs. "Create the highest, grandest vision for your life. Then let every step move you in that direction" ~ Oprah

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