As widely expected the Reserve Bank held rates at 0.10% at its board meeting today.

All eyes will be on the minutes of the meeting to see if there has been any softening on the RBA’s stance that rates would not increase until 2024.

Since their June meeting there has been more positive economic information, including falling unemployment, despite the removal of job keeper, and an increase in business investment.

The Bank will also be taking into account data that shows lending for investment property continues to gain pace.

 

If you have any questions about this announcement or interest rates, please feel free to contact us.

To view interest only repayments you can calculate these by using one of our mortgage calculators or commercial loan calculator.

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