08 8532 6666   |   prosales@lm.net.au
Register for Alerts   |   Login to Alerts

Murray Bridge RLA197827

1/19 Adelaide Road Murray Bridge

08 8532 6666

08 8532 6229

prosales@lm.net.au

Contact us

Visit

Visit

Visit

Visit

News Flash – Rates On Hold

7 May 2014 murraybridge 0 Comment

Interest rates are on hold for another month – that’s the consensus of the Reserve Bank of Australia following its monthly board meeting held today. This leaves rates at a record low of 2.5%.

Professionals CEO, Ted Piteo, said the fundamentals of the Australian economy were strong, with both inflation and unemployment within target ranges, meaning the RBA had no need to adjust its policy settings.

“Home buyers appreciate stability and certainty for interest rates,” Mr Piteo said. “While it would seem any further interest rate reductions are unlikely, this period of low rates gives people time to plan and save for their deposit, and some certainty moving forward.”

Leave a comment


Copyright © 2017 Professionals Real Estate  |  Privacy Policy & Disclaimer  |  Made in Melbourne by iProperty