The Reserve Bank has kept the cash rate at a record low 2.5% for the 12th consecutive meeting, the longest period of stability since 2006. The interest rate was most stable 18 years ago, when the RBA kept the interest rates at 7.5% for 17 consecutive meetings between February 1995 and July 1996. To match this feat, the interest rates should be on hold until April next year – matching majority of analyst forecasts.

Forecasts vary as to when the interest rate changes will occur, but all major players are unanimously expecting a rate hike as early as February next year to as late as the first quarter of 2016.

Read more about this on the Sydney Morning Herald website.

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Dorian Traill is the current Director of Grand Capital Finance Group and Fountain Property Group. He specialize in home loans for people as well as helping them build wealth through quality investment properties that ultimately lead to long term financial freedom.