RBA holds rates as banks continue to tweak
Australian banks continue to chop and change interest rates for fixed rate home loans, as the Reserve Bank of Australia maintains there will be no movement of the official cash rate from its record low for several more years.
Australia's low wages growth means rates are likely to stay on hold for several years. Photo: Shutterstock (Image source: Shutterstock.com)
Australian banks continue to chop and change interest rates for fixed rate home loans, as the Reserve Bank of Australia maintains there will be no movement of the official cash rate from its record low for several more years.
RBA governor Philip Lowe today announced that the central bank’s board of directors saw no reason to change the official cash rate from its historic low of 0.1 per cent.
Dr Lowe also reiterated that the cash rate would lik…
