October Interest Rates On Hold

Oct 7, 2015 Fixed Rates, Home Loans, Interest Rates by Administrator

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The Reserve Bank of Australia have decided to leave interest rates on hold for the 5th month in a row. The widely expected announcement to keep the cash rate at 2% is a conservative approach to see how the rate cuts earlier this year affects the economy.

We expect that lenders will therefore leave their variable interest rates unchanged as well, but will be monitoring in case of any changes outside the official rate.

To see current interest rate both variable and fixed rates please go to out mortgage comparison page.